$[$The following information applies to the questions displayed below.$]$ Required $A$

Required C$2$

Required D$1$

Required D$2$

Prepare the journal entry to record the cost and installation of machinery.

Journal entry worksheet

$1$

Record the cost of the machinery of $$773,760$ cash.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$July $25,,,],[,,,],[,,,],[,,,],[,,,]]$ Complete this question by entering your answers in the tabs below.

Required $B$

Required $C1$

Required $C2$

Required D$1$

Required D$2$

Record the first five months' depletion assuming the land has a net salvage value of zero after the ore is mined.

Note: Round your "Depletion per ton" answer to $2$ decimal places and round all other answers to the nearest whole dollar. Complete this question by entering your answers in the tabs below.

Prepare the journal entry to record depletion of the Mineral deposit at December $31.$

Note: Round your "Depletion per ton" answer to $2$ decimal places and round all other answers to the nearest whole dollar.

Journal entry worksheet

$1$

Record the year$-$end adjusting entry for the depletion expense of ore mine.

Note: Enter debits before credits.Complete this question by entering your answers in the tabs below. Prepare the journal entry to record the cost and installation of machinery.

Journal entry worksheet

Record the cost of the machinery of $$773,760$ cash.

Note: Enter debits before credits.

Complete this question by entering your answers in the tabs below.

Record the first five months' depletion assuming the land has a net salvage value of zero after the ore is mined.

Note: Round your "Depletion per ton" answer to $2$ decimal places and round all other answers to the nearest whole dollar. Complete this question by entering your answers in the tabs below.

Prepare the journal entry to record depletion of the Mineral deposit at December $31.$

Note: Round your "Depletion per ton" answer to $2$ decimal places and round all other answers to the nearest whole dollar.

Journal entry worksheet

Record the year$-$end adjusting entry for the depletion expense of ore mine.

Note: Enter debits before credits. Complete this question by entering your answers in the tabs below.

Required C$1$

Required $C2$

Required D$1$

Required D$2$

Record the first five months' depreciation on the machinery.

Note: Round your "Depreciation per ton" answer to $2$ decimal places and round all other answers to the nearest whole dollar.Complete this question by entering your answers in the tabs below.

Required B

Required D$1$

Required D$2$

Prepare the journal entry to record depreciation of the machine at December $31.$

Note: Round your "Depreciation per ton" answer to $2$ decimal places and round all other answers to the nearest whole dollar.

Journal entry worksheet

$1$

Record the year$-$end adjusting entry for the depreciation expense of the

machinery.

Note: Enter debits before credits.

On July $23$ of the current year, Dakota Mining Company pays $$8,027,760$ for land estimated to contain $9,672,000$ tons of recoverable ore. It installs and pays for machinery costing $$773,760$ on July $25.$ The company removes and sells $499,500$ 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.

Required:

Prepare entries to record the following.

$($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.