Response to the following problem:
On January 2, 20X6, Amy's Party Supplies purchased showroom fixtures for $10,000 cash, expecting the fixtures to remain in service five years. Amy's has depreciated the fixtures on a double-declining-balance basis, with zero residual value. On September 30, 20X7, Amy's sold the fixtures for $5,000 cash.
Record both the depreciation expense on the fixtures for 20X7 and the sale of the fixtures on September 30, 20X7.