DATE	GENERAL JOURNAL	DEBIT	CREDIT	GRADE	Date	Transaction
01/01/2017	CASH	1.000.000		1	01/01/2017	Marzano Corporation issued 1,000,000 shares of $1.00 par common
	COMMON STOCK		1.000.000	1		stock for $1.00 per share.
01/04/2017	PATENT	48.000		1	01/04/2017	Marzano purchased a patent from another company. The cost was $48,000
	CASH		48.000	1		paid in cash. The patent has an estimated life of 10
						years with no salvage value.
05/05/2017	IRON MINE	400.000		1	05/05/2017	Marzano purchased an iron mine, paying cash of $400,000.
	CASH		400.000	1		The mine is expected to produce 100,000 tons of iron ore.
31/12/2017	PATENT			0	31/12/2017	Adj: Record straight line amortization on the Patent for 2017 (partial year).
	PATENT AMORTIZATION EXPENSE			0
					31/12/2017	Adj: Record depletion on the Iron Mine for 2017 based on extraction of 10,000
31/12/2017				0		tons of iron ore.
				0
	TRIAL BALANCE	DEBIT	CREDIT
	CASH	552.000
	IRON MINE	400.000
	ACCUM. DEPLETION-IRON MINE
	PATENT	48.000
	COMMON STOCK		1.000.000
	PATENT AMORTIZATION EXPENSE
	DEPLETION EXPENSE
		1.000.000	1.000.000