On October 31, 2015, TAT Company paid $8,200,000 for land to mine for coal, the mine...

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On October 31, 2015, TAT Company paid $8,200,000 for land to mine for coal, the mine will provide 16,000,000 tons of coal, during 2016 the company extracted 2,500,000 and sold all of them but extracted 3500000 tons during 2017 and sold 1500,000, the selling price during the years was $ 10 for each ton Required 1- Journalize entries required to record purchases on October 31, 2015, December 31, 2016 and 31 December 2017. On October 31, 2015, TAT Company paid $8,200,000 for land to mine for coal, the mine will provide 16,000,000 tons of coal, during 2016 the company extracted 2,500,000 and sold all of them but extracted 3500000 tons during 2017 and sold 1500,000, the selling price during the years was $ 10 for each ton Required 1- Journalize entries required to record purchases on October 31, 2015, December 31, 2016 and 31 December 2017.

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Answer Journal Entry Jounal Dake fact culou Debit Cled... View the full answer