On January $2,2021,$ Ellet Furniture purchased display shelving for $$8,900$ cash, expecting the shelving to remain in

service for five years. Ellet depreciated the shelving on a double$-$declining$-$balance basis, with $$1,100$ estimated residual

value. On August $31,2022,$ the company sold the shelving for $$2,800$ cash.

Read the requirement.

Start by recording depreciation expense on the shelving for $2022.($Record debits first, then credits. Exclude

explanations from any journal entries.$)$

Journal Entry