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On January 2, 2018, Trendy Lighting purchased showroom fixtures for $11,000 cash, expecting the fixtures to remain in service for 10 years. Trendy Lighting has
On January 2, 2018, Trendy Lighting purchased showroom fixtures for $11,000 cash, expecting the fixtures to remain in service for 10 years. Trendy Lighting has depreciated the fixtures on a straight-line basis, with zero residual value. On September 30, 2019, Trendy Lighting sold the fixtures for $7,300 cash. Record both the depreciation expense on the fixtures for 2019 and the sale of the fixtures on September 30, 2019. Round intermediate calculations to the nearest cent and final answers to the nearest whole dollar. (Record debits first, then credits. Exclude explanations from any journal entries.) Record the depreciation expense for 2019. Record the sale of the fixtures
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