A company pays $790.000 cash to come on January 1. At the same time, incursadonal costs of 3.000 cash access the mine, which is estimated to hold 6.000 tons of on the estimated value of the land after the con moved to $20000 of no entry is required for a transaction/event, select "No journal entry required in the first account field.) 1. Prepare the January tentry to record the cost of the romane 2. Prepare the December 3 year-end adjusting entry# 21.500 tons of troome mined but only 19.000 tons are sold the first year View.asion Journal entry worksheet Prepare the January 1 entry to record the cost of the iron mine Moteris Dale January Record entry Clean Journal entry worksheet 1 > Prepare the December 31 year-end adjusting entry if 21.500 tons of iron are mined but only 19,000 tons are sold the first year Not Enter debits before credits General Journal Debit Credit December 31 Record entry Clear entry View general journal