Could really use some help with this problem on Wileyplus (a2)Prepare the journal entry to record depletion. (Credit account titles are automaticallyindented when amount is entered. Do not indent manually. If no entry is required,select "No Entry" for the account titles and enter 0 for the amounts.)DateAccount Titles and ExplanationDebitDec. 31 E Homework 8: PP&E Ch 9Question 6 of 9< >0.33 / 1View PoliciesShow Attempt HistoryCurrent Attempt in ProgressOn July 1, 2022, Blue Spruce Corp. invested $689,920 in a mine estimated tohave 784,000 tons of ore of uniform grade. During the last 6 months of 2022, 121,000 tons ofore were mined.(a1)Your answer is correct.Calculate depletion cost per unit. (Round answer to 2 decimal places, e.g. 0.50.)Depletion cost per unit$0.88eTextbook and MediaList of AccountsAttempts: 1 of 3 used

Total depletion expense = Depletion cost per unit x No. of tons mined = $0.88 x 121,000 tons =…

On July 1, 2022, Blue Spruce Corp. invested $689,920 in a mine estimated to have 784,000 tons of ore of uniform grade. During the last 6 months of 2022, 121,000 tons of ore were mined. (a1) Your answer is correct. Calculate depletion cost per unit. (Round answer to 2 decimal places, e.g. 0.50.) Depletion cost per unit $ 0.88