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Fundamentals of Oil & Gas Accounting 5th Edition by Rebecca Gallun, Charlotte Wright
Edition 5ISBN: 9781630181031Fundamentals of Oil & Gas Accounting 5th Edition by Rebecca Gallun, Charlotte Wright
Edition 5ISBN: 9781630181031 Exercise 11
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
a. Acquired an undeveloped lease, $40,000
b.
c. Paid costs in evaluating the well, $20,000d. Completion costs for fracturing and perforating, $25,000
Explanation
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Verified
J Oil Company had the following transact...
Fundamentals of Oil & Gas Accounting 5th Edition by Rebecca Gallun, Charlotte Wright
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