11 of 20 This Question: 5 pts 4. Arabia Petroleum holds huge reserves of oil Assume that at the end of 2017. Arabia Petroleum's cost of oil reserves totaled $252,000,000, representing 140,000,000 barrels of oil Suppose Arabia Petroleum removed and sold 30,000,000 barrels of oil during 2018 Journalize depletion expense for 2018. (Assume no residual value. Record debits first, then credits. Select the explanation on the last line of the journal entry table) Credit Debit Accounts and Explanation Date Choose from any list or enter any number in the input fields and then continue to the next question Save for Later