On January 2, 2021, Elet Fumiture purchased display shelving for $8,500 cash, expecting the shelving to remain in service for five years. Elet depreciated the shelving on a double-dedining-balance basis, with $1,100 estimated residual value. On August 2022, the company sold the shelving for $2.800 Start by recording depreciation expense on the shelving for 2022. (Recont debits first, then onds Exclude explanations from any ouma entes) Journal Entry Date Aug 311 Accounts Depreciation Expense-Fres Accumulated Depreciation-Fatures Debit Credit Requirement 1. Recond both the depreciation expense on the shelving for 2022 and to sale in August. Av show how to compute the peix or loss on the disposal of Print Done On January 2, 2021, Elet Funiture purchased display shelving for $8.900 cash, expecting the shelving to remain in service for five years Elet depreciated the shelving on a double-declining balance basis, with $1,100 estimated residual value. On 2022, the company sold the shelving for $2.800 cash Read the reme Start by recording depreciation expense on the shelving for 2022. Record debts first, then credits Exclude explanations from any jumal entries) Jeumal Entry Date Accounts Aug 31 Depreciation Expense-Futures Accumulated Depreciation-Futures Debit Credi Requirement 1. Record both the depreciation expense on the shelving for 2002 and its sale in Augal Also show how to compute the gain or loss on the disposal of the sheving Print Done