Journal entry worksheet Record the cost of the ore mine of $7,079,520 cash Note: Enter debits before credits. Date General Journal Debit Credit Jul 23 Journal entry worksheet Record the cost of the machinery of $1,234800 cash. Note: Enter debits before credits. Date General Journal Debit Credit Jul 25 To record the first five months' depletion assuming the land has a net salvage value of zero after the ore is mined Select formula for Units of Production Depletion: Calculate depletion expense Depletion per ton Tonnage Depletion expense Journal entry worksheet Record the year-end adjusting entry for the depletion expense of ore mine Note: Enter debits before credits Date General Journal Debit Credit Dec. 31 To record the first five months' depreciation on the machinery. Select formula for Units of Production Depreciation: Calculate Depreciation expense: Depreciation per ton Tonnage Depreciation expense Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of the machinery. Note: Enter debits before credits. Date General Journal Debit Credit Dec. 31