Bore Oil Company pays the following amounts during June 2016 relating to producing leases: Supplies for Lease
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Bore Oil Company pays the following amounts during June 2016 relating to producing leases:
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Supplies for Lease A. $ 300 Fuel for Lease A... 800 Labor cost for pumpers and gaugers Lease A. 2,000 Fringe benefits of pumpers and gaugers who work on several leases. 400 Salaries and fringe benefits of regional supervisors. . 10,000 Contract labor for refracturing well of Lease A. . 1,000 Property tax-Lease A . . . . 1,500 Transportation cost for several leases. 1,200 Record the above transactions.
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Related Book For
Fundamentals Of Oil And Gas Accounting
ISBN: 9781593701376
5th Edition
Authors: Charlotte J. Wright, Rebecca A. Gallun
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