Required information [The following information applies to the questions displayed below.] On July 23 of the current year, Dakota Mining Co. pays $6,006,000 for land estimated to contain 7,800,000 tons of recoverable ore. It installs and pays for machinery costing $1,560,000 on July 25. The company removes and sells 400,250 tons of ore during its first five months of operations ending on December 31. Depreciation of the machinery is in proportion to the mine's depletion as the machinery will be abandoned after the ore is mined. Journal entry worksheet Journal entry worksheet 1 Record the cost of the ore mine of $6,006,000 cash $. Record the cost of the machinery of $1,560,000 cash. $. Note: Enter debts before credits Note: Enter debits before credits Date General Journal Debit Credit General Journal Debit Credit Date Jul 25 Jul 23 Record entry Clear entry View general journal Record entry Clear entry View general journal Journal entry worksheet Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of the machinery Complete this question by entering your answers in the tabs below. . Not: Error credit General Journal Debit Credit Required A Required B Required C1 Required C2 Required D1 Required 02 Dec 30 To record the first five months' depreciation on the machinery Select formula for Units of Production Depreciation Record entry View general journal Calculate Depreciation perse Depreciation perton Tonnage Depreciation expense Required 1