Joust Oil Company had the following transactions in 2015. Record the transactions. a. Acquired an undeveloped lease, $40,000 b. 11ec7775_98e0_2c78_9634_cb9698adf1c9_SM1710_00 c. Paid costs in evaluating the well, $20,000 d. Completion costs for fracturing and perforating, $25,000

Fundamentals of Oil & Gas Accounting 5th Edition by Rebecca Gallun, Charlotte Wright

النسخة 5الرقم المعياري الدولي: 9781630181031

Fundamentals of Oil & Gas Accounting 5th Edition by Rebecca Gallun, Charlotte Wright

النسخة 5الرقم المعياري الدولي: 9781630181031

تمرين 11

Joust Oil Company had the following transactions in 2015. Record the transactions.
a. Acquired an undeveloped lease, $40,000
b. $Joust Oil Company had the following transactions in 2015. Record the transactions. a. Acquired an undeveloped lease, $40,000 b. c. Paid costs in evaluating the well, $20,000 d. Completion costs for fracturing and perforating, $25,000$ c. Paid costs in evaluating the well, $20,000
d. Completion costs for fracturing and perforating, $25,000

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J Oil Company had the following transact...