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10000 med elle th ww Barby www Due And C Sunset Mountain Mining paid $207, 200 for the right to extract mineral assets from a 200.000-ton deposit. In addition to the purchase price, Sunset also paid a 5000 Sling Bee $2,200 license to to the state of Nevada and 550.000 for a geological Survey of the property. Because Sunset purchased the rights to the minerals only and did not purchase the land it expects the asset to have zero rodu value. During the first year, Sunset removed and sold 30,000 tons of the minerals. Make journal entries to record (a) purchase of the minerals (dent Minerals, (b) payment of Soes and other costs, and (c) depletion for the first year Record debits first, thon credits Select the explanation on the last line of the journal only able) Begin by joumalizing (a) the purchase of the minerals (debit Mineral asset) (Do not record payment for any additional costs associated with the minerals. We will do is in entry) Date Accounts and Explanation Debit Credit