Prepare the following entries using a general journal:

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1. A bauxite mine was acquired at a cost of $1,500,000 and estimated to contain 6,000,000 tons of ore. No salvage value is expected. During the year, 96,000 tons were mined and sold. Prepare the journal entry for the year's depletion expense.

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ROW NUMBER	DATE	ACCOUNT TITLE	DOC. NO.	POST. REF.	DEBIT	CREDIT	ROW NUMBER
1	20-- Dec. 31	Accounts PayableAccumulated Depletion-Bauxite MineCashBauxite MineDepletion Expense-Bauxite MineDepletion Expense-Bauxite Mine	blank	blank	Depletion Expense-Bauxite Mine	Depletion Expense-Bauxite Mine	1
2	blank	Accumulated Depletion-Bauxite MineAccumulated Depreciation-Bauxite MineCashBauxite MineDepletion Expense-Bauxite MineAccumulated Depletion-Bauxite Mine	blank	blank	Accumulated Depletion-Bauxite Mine	Accumulated Depletion-Bauxite Mine	2
3	blank	blank	blank	blank	blank	blank	3

A gold mine was acquired at a cost of $3,000,000 and estimated to contain 750,000 tons of ore. No salvage value is expected. During the year, 129,000 tons were mined and sold. Prepare the journal entry for the year's depletion expense.

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ROW NUMBER	DATE	ACCOUNT TITLE	DOC. NO.	POST. REF.	DEBIT	CREDIT	ROW NUMBER
1	20-- Dec. 31	Accounts PayableAccumulated Depletion-GoldCashDepletion Expense-GoldGold	blank	blank	- Select -	- Select -	1
2	blank	Accumulated Depletion-GoldAccumulated Depreciation-BauxiteCashBauxiteDepletion Expense-Bauxite	blank	blank	- Select -	- Select -	2
3	blank	blank	blank	blank	blank	blank	3