DATE

1/1/2017

4/1/2017

5/5/2017

12/31/2017

12/31/2017

	TRIAL BALANCE	DEBIT	CREDIT
	CASH
	IRON MINE
	ACCUM. DEPLETION-IRON MINE
	PATENT
	COMMON STOCK
	PATENT AMORTIZATION EXPENSE
	DEPLETION EXPENSE
		0	0

Date	Transaction
1/1/2017	Marzano Corporation issued 1,000,000 shares of $1.00 par common
	stock for $1.00 per share.
4/1/2017	Marzano purchased a patent from another company. The cost was $48,000
	paid in cash. The patent has an estimated life of 10
	years with no salvage value.
5/5/2017	Marzano purchased an iron mine, paying cash of $400,000.
	The mine is expected to produce 100,000 tons of iron ore.
12/31/2017	Adj: Record straight line amortization on the Patent for 2017 (partial year).
12/31/2017	Adj: Record depletion on the Iron Mine for 2017 based on extraction of 10,000
	tons of iron ore.