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20 Question 20 5 points Geologia Company has been operating a well since 2015. Recently in 2016 Full Comparvylus been implemented in a nearty property.

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20 Question 20 5 points Geologia Company has been operating a well since 2015. Recently in 2016 Full Comparvylus been implemented in a nearty property. Po entered into a bottom hole contribution agreement with Geologia Company in order to obtain G&G information from the well The depth specied in the agreement was reached 3 months later and hence Punoil paid 100,000AED to Gedoga as per the agreement. which journal entry is correct for recording the transcation by Puto 100,000 dr G&G CF cash 100,000 dr unproved property OF Cash 100,000 100,000 100.000 100,000 dr test well contribution expense Of cash dr operating expenses 100,000 or Cash 100,000

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