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9 Part 2 Problem 3-7A (Algo) Natural resources LO P3 The following information applies to the questions displayed below) On July 23 of the current year Dakota Mining Company pays $6.410.000 forind estimated to conta 504000 recoverable ones and pays for machinery costing 55142M on Ay 25. The company and 4512 tons of ore during its first five of operations ending on December 31. Depreciation of the matinery is in proportion to the indepletion as the machinery will be bandoned after the res med pain Problem 8.7A (Algo) Part 1-4 Required: Prepare entries to record the following (a) The purchase of the land. (1) The cost and installation of machinery cThe first five months depletion assuming the land has a ne savage we offertermined (dj The first five months depreciation on the machinery Complete this question by entering your answers in the tabs below. Required A Required Requeda Recured ca segured ottenne D2 Prepare the journal entry to record the purchase of the land. View transaction Journal entry worksheet Red Information map Chem Required A Regredo Bed CIRC Weed Prepare the journal entry to record the purchase of the land, 10 point View transaction et Journal entry worksheet 9 formation Part of a A Hard Bros Prepare the mal entry to record the cost and stationery weatriani 10 we Journal entry worksheet Record the cost of the machinery of $5440 des Det C Date Geral Journal Record entry Clewamy 9 10 of 10 ME Exercises & Problems. Chapter 9 Required information ( The cost and installation of machinery (c) The first five months' depletion asuming the land has net salvage value of zero he theorets med (d) The first five months depreciation on the machinery Part 2 10 DO Complete this question by entering your answers in the tabs below. erence Required A Required Required I Recured Required DL Roured Record the first five months depletion assuming the land has a net salvage value of serwer there is minet (und you "Depletion per to answer to 2 decimal places and round other answers to the nearest whole ) Select formula for Units of Production Depletion Calculate depletion opense Depletion person Tonnage Depletion expense Regidormation Complete this question by entering your answers in the tabs below Part 10 DO Required A Roured Here oured Red 1 Red Du Prepare the journal entry to record depletion of the Mineral deputat December 31. Round your com decimales and round all the answers to the nearest whole dar) Journal entry worksheet Required information places and round the wes to the nearest whole ) Part tot 2 View transaction at 10 points Journal entry worksheet Bock References Record the year-end adjusting entry for the depreciation expense of the machinery Note: Enter debits before credits Date General Journal Debit Credit December 31 View general Journal Clear entry Record entry 9 Part 2 Problem 3-7A (Algo) Natural resources LO P3 The following information applies to the questions displayed below) On July 23 of the current year Dakota Mining Company pays $6.410.000 forind estimated to conta 504000 recoverable ones and pays for machinery costing 55142M on Ay 25. The company and 4512 tons of ore during its first five of operations ending on December 31. Depreciation of the matinery is in proportion to the indepletion as the machinery will be bandoned after the res med pain Problem 8.7A (Algo) Part 1-4 Required: Prepare entries to record the following (a) The purchase of the land. (1) The cost and installation of machinery cThe first five months depletion assuming the land has a ne savage we offertermined (dj The first five months depreciation on the machinery Complete this question by entering your answers in the tabs below. Required A Required Requeda Recured ca segured ottenne D2 Prepare the journal entry to record the purchase of the land. View transaction Journal entry worksheet Red Information map Chem Required A Regredo Bed CIRC Weed Prepare the journal entry to record the purchase of the land, 10 point View transaction et Journal entry worksheet 9 formation Part of a A Hard Bros Prepare the mal entry to record the cost and stationery weatriani 10 we Journal entry worksheet Record the cost of the machinery of $5440 des Det C Date Geral Journal Record entry Clewamy 9 10 of 10 ME Exercises & Problems. Chapter 9 Required information ( The cost and installation of machinery (c) The first five months' depletion asuming the land has net salvage value of zero he theorets med (d) The first five months depreciation on the machinery Part 2 10 DO Complete this question by entering your answers in the tabs below. erence Required A Required Required I Recured Required DL Roured Record the first five months depletion assuming the land has a net salvage value of serwer there is minet (und you "Depletion per to answer to 2 decimal places and round other answers to the nearest whole ) Select formula for Units of Production Depletion Calculate depletion opense Depletion person Tonnage Depletion expense Regidormation Complete this question by entering your answers in the tabs below Part 10 DO Required A Roured Here oured Red 1 Red Du Prepare the journal entry to record depletion of the Mineral deputat December 31. Round your com decimales and round all the answers to the nearest whole dar) Journal entry worksheet Required information places and round the wes to the nearest whole ) Part tot 2 View transaction at 10 points Journal entry worksheet Bock References Record the year-end adjusting entry for the depreciation expense of the machinery Note: Enter debits before credits Date General Journal Debit Credit December 31 View general Journal Clear entry Record entry