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

تمرين 20

Zepher Company acquired 100% of the working interest in an unproved property
at a cost of $50,000. Zepher later sold the working interest, retaining an overriding
royalty interest (ORI). Give the entry to record the conveyance of the working interest,
assuming Zepher is a successful efforts company and received $30,000.