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

تمرين 15

Hostetler Energy owns 70%, Challenger Company owns 20%, and Hill Oil Company
owns 10% of the working interest property 1004. Assume Hostetler Energy is the
operator and incurs the following costs during the month of September 2013, in
connection with the property: REqUIRED: Give the entries to record and distribute the costs, assuming regular
accounts are used.