11 journal entries required.

Dominum Corp. is a mining company that mines, produces, and markets teledine, a common mineral substance. The mineral is mined and produced in one large batch per year, as the mine is accessible only for a brief period in the summer due to severe weather conditions at the mine site. Dominum has an advance purchase contract with one customer that takes all of Dominum's output each year. The agreement allows the customer to return defective product for up to 60 days from the date of delivery. Transactions in 20X6 were: 30 August 186,000 tonnes of teledine ore removed from mine, at a cost of $4,300,000. 30 SeptemberAll of the ore refined to 115,000 tonnes of teledine, at a cost of $640,000. A deposit is received from the customer for $1,350,000 (10% of the contract amount). 15 October All of the teledine delivered to the customer, total contract price, $13,500,000. At this point, 50% of the contract amount is received. Dominum estimates, from historical experience, that 7% of the goods might be returned. 25 November Five percent of the teledine is returned for full credit; ore had been improperly refined and the teledine was unusable; customer given full credit for $675,000 and the unusable teledine scrapped. No other returns are anticipated. 30 November Customer fully paid the final amount owing. Required: 1. Prepare all the journal entries to record these events assuming the critical event is at the point of delivery. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet Record the cost of ore removed. Note: Enter debits before credits. Date General Journal Debit Credit 30 August Record entry Clear entry View general Journal