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Score: 0 of 4 pts E10-24 (similar to) Question Help Horizon Mountain Mining paid $67,100 for the right to extract mineral assets from a 500.000 ton dupost. In addition to the purchase price, Horizon also paid a $1,100 ting for a $1,800 license for to the state of Nevada, and $80,000 for a geological survey of the property Because Horizon purchased the right to the minerals only and did not purchase the land, expects the asset to have zero residus value During the first year, Horizon removed and sold 40.000 tons of the minerals Make journal entries to record purchase of the minerals debt Minerals, payment of fees and other costs, and (c) depletion for the first year. (Record debitsfest, the credits. Select the explanation on the last line of the journal entry table) Begin by Jumatang ) e purchase of the minerals (debit Mineral (Do not record payment for any additional cossociated with the minerals. We will do this in entry) Accounts and Explanation Debit Credit Choose from any list or enterrumber in the input fields and then click Check Answer Clear Al Final Check 2 remaining ose s 4 % 5 2 3 6 7 8 9 W E R T Y U O P