This question: $11$ point$($s$)$ possible

On January $2,2021,$ Daeva Fumiture purchased display shelving for $$8,800$ cash, expecting the shelving to remain in service for five years. Daeva depreciated the shelving on a double$-$declining$-$balance basis, with $$1,300$ estimated residual value. On September $30,2022,$ the company sold the shelving for $$3,000$ 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

$\backslash$table$[[$Date$,$Accounts,Debit,Credit$],[$Sep $30,,,],[,,,],[,,,]]\backslash$end$\{$array$\}]$

Now record the sale of the shelving on September $30,2022.$

Journal Entry

$\backslash$table$[[$Date$,$Accounts,Debit,Credit$],[$Sep $30],[,,,],[,,,],[,,,]]$

Requirements:

$1.$ Record both the depreciation expense on the shelving for $2022$ and its sales in september. Also show how to compute the gain and loss on the disposal of the shelving.