On April 1, 2033, TTD paid cash to an environmental firm to restore the mine's surrounding area to its original state at a cost of $556,000. Prepare the journal entry for the settlement of the asset retirement. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Apr. 1, 2033	enter an account title for the journal entry on April 1, 2033Incorrect answer	enter a debit amountIncorrect answer	enter a credit amountIncorrect answer
	enter an account title for the journal entry on April 1, 2033Correct answer	enter a debit amountIncorrect answer	enter a credit amountIncorrect answer
	enter an account title for the journal entry on April 1, 2033Correct answer	enter a debit amountCorrect answer	enter a credit amountCorrect answer

Answer rating: 100% (QA)

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