On January 2, 2017, Repeat Clothing Consignments purchased showroom fixtures for $10,000 cash, expecting the fixtures to remain in service for five years. Repeat has depreciated the fixtures on a double-declining-balance basis, with zero residual value. On September 30, 2018, Repeat sold the fixtures for $5,500 cash. Record both depreciation expense for 2018 and sale of the fixtures on September 30, 2018. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Note that 2017 depreciation was recorded and posted in 2017.) Begin by recording the depreciation expense for January 1, 2018 through September 30, 2018. Accounts and Explanation Debit Credit Date Sep. 30 Before recording the sale of the fixtures, let's calculate any gain or loss on the sale of the fixtures. Market value of assets received Less: Book value of asset disposed of Cost Less: Accumulated Depreciation Gain or (Loss) Choose from any list or enter any number in the input fields and then continue to the next question. ? Now, record the sale of the fixtures on September 30, 2018. Accounts and Explanation Debit Credit Date Sep. 30