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Required: Prepare entries to record the following. (Do not round your intermediate calculations. Round Depletion per ton to t places and round all other
Required: Prepare entries to record the following. (Do not round your intermediate calculations. Round "Depletion per ton" to t places and round all other answers to the nearest whole dollar.) (a) The purchase of the land. (b) The cost and installation of machinery. (c) The first five months' depletion assuming the land has a net salvage value of zero after the ore is mined. (d) The first five months' depreciation on the machinery. Complete this question by entering your answers in the tabs below. Required A Required B Required C1 Required C2 Required D1 Required D2 Prepare the journal entry to record the purchase of the land. View transaction list Journal entry worksheet < 1 Record the cost of the ore mine of $8,027,760 cash. Note: Enter debits before credits. Date Jul 23 General Journal Debit Credit Clear entry View general journal Record entry
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