I'm copying the question from my study guide the question is attached in the photoOn 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. depletion cost per unit 0.88 **Journal Entry Template Overview**The image displays a template for recording financial transactions in a journal, commonly used in accounting. This format helps in documenting the financial activity of a business during a specific period. The table consists of four main columns:1. **Date**: This column shows the date of the transaction. In the template, "Dec. 31" is indicated, suggesting the year-end closing entries or another transaction occurring on December 31st.2. **Account Titles and Explanation**: This section is intended for listing the accounts affected by the transaction and providing a brief description or explanation of the transaction. The template includes two lines, signifying multiple accounts might be impacted.3. **Debit**: This column is where the debit amounts are recorded. Debits generally increase assets and expenses and decrease liabilities, equity, and income, depending on the type of account being adjusted.4. **Credit**: In this column, the credit amounts are recorded. Credits usually decrease assets and expenses and increase liabilities, equity, and income accounts.The template suggests a structured approach for accurately recording and displaying financial information, ensuring clarity and organization for accounting purposes.

Name: I'm copying the question from my study guide the question is attached
Uploaded: 2024-03-05T11:50:36.000Z
Channel: Bartleby
Description: I'm copying the question from my study guide the question is attached in the photoOn 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