Question: On J a n u a r y 2, 2 0 2 3 , D i t t o Clothing Consignments purchased showroom fixtures for
On January 2, 2023, Dito Clothing Consigmore purchased showroom free for $18,000 cash, pecing the fixtures toman in service for five years. Ditto has recede frares on a double-docking balance basis, value. On September 30, 2004, Ditto told the res for 18.000 cash. Record both prinesel 2004 and we of the futures on September 30, 2017 Records, then to the parente journal entry fotie. Now that 2023 depresion was recorded and posted in 2023) Bagn by recording the depreciation expense for Juary 1, 2004 through September 30, 2024 Date Accounts and Explanation Dabu Sep 30 Crete Points: 0 of 1 On January 2 2023, Ditto Clothing Consignments purchased showroom fixtures for $18,000 cash, expecting the fixtures to remain in service for five years. Dimoras depreciated the value. On September 30, 2024. Dito sold the factures for $8.000 cash. Record both depreciation expense for 2024 and sale of the futures on September 30, 2024. (Record debes frs journal entry table. Note that 2023 depreciation was recorded and posted in 2023) Begin by recording the depreciation expense for January 1, 2024 through September 30, 2024 Date Accounts and Explanation Debat Sep.30 Credit Accumulated Depreciation-Fixtures Book value Cash Depreciation Expense-Fixtures Fixtures Gain on Disposal Loss on Disposal Maintenance Expenses
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