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On Januery 2, 2016. Pet Heven purchased fxtures for $20,900cash, expecting the fotures to reviain ha service for sever years. Per Haven has depreciated the

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On Januery 2, 2016. Pet Heven purchased fxtures for $20,900cash, expecting the fotures to reviain ha service for sever years. Per Haven has depreciated the futuros on a straghf Ine basis, with $10,000 residual value, On June 30, 2018. Pet Haven sold the fotures for $21,150 cash, Rooord both deprociatori experse for 2018 and sale of the fricures on June 30,2018 . (Assume the modifed hall-month convention is urod. Record debits firt, then credis, Select the explanetion on the last line of the poumal entiy table.) On January 2, 2016, Pet Haven purchased fixtures for $28,900 cash, expecting the fixtures to remain in service for seven years. Pet Haven has $10,000 residual value. On June 30, 2018, Pet Haven soid the fixtures for $21,150 cash. Record both depreciation expense for 2018 and sale of half-month convention is used. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by recording the depreciation expense as of Jun. 30, 2018. Now, record the sale of the fixtures on June 30,2018

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