eBook Show Me How Print Item Depletion Entries Chart of Accounts First Question Journal Instructions Backwoods Mining Co. acquired mineral rights for $53,200,000. The mineral deposit is estimated at 19,000,000 tons. During the current year, 2,500,000 tons were mined and sold. Required: a. Determine the amount of depletion expense for the current year. b. Journalize the adjusting entry on December 31 to recognize the depletion expense. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOWjournals will automatically indenta credit entry when a credit amount is entered Check My Work Joumal b. Journalize the adjusting entry on December 31 to recognize the depletion expense. Refer to the chart of accounts for the exact wording of the account titles. CNOU journals do not use ines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW Journals will automatically indent a credt entry a credit amount is entered PA JOURNAL ACCOUNTING EQUATION DATE POST. REF DEBIT CREDIT ASSETS LABILITIES FO DESCRIPTION Adjusting Entries mock My Wodk