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On January 2, 2023. Loved Clothing Consignments purchased showroom fixtures for $14.000 cash, expecting the bus to remain in service for five years. Loved as rewed the futures on a double doining balance besser residual value on August 31, 2024. Loved told the futures for $7.300 h. Record both depreciation expers for 2024 and sale of the son August 31, 2024. Record debts fat, then credits Blede pration on the last of the journal entry table. Note that 2023 depreciation was recorded and posted in 2023) Begin by recording the depreciation expense for January 1, 2004 Tough August 31, 2004 Date Accounts and Explanation Aug 31 Debu Credit On January 2, 2023. Loved Clothing Consignments purchased showroom fixtures for $14.000 cash, expecting the bus to remain in service for five years. Loved as rewed the futures on a double doining balance besser residual value on August 31, 2024. Loved told the futures for $7.300 h. Record both depreciation expers for 2024 and sale of the son August 31, 2024. Record debts fat, then credits Blede pration on the last of the journal entry table. Note that 2023 depreciation was recorded and posted in 2023) Begin by recording the depreciation expense for January 1, 2004 Tough August 31, 2004 Date Accounts and Explanation Aug 31 Debu Credit

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