ABC Company did exploration in area 2KM and it founded oil then drilled 2 wells, so it started to develop the field and drilling, the company are giving this information below: 1. 8,000 R.O for the expenses to bring the drill. 2. 12,000 R.O for removal and installation of the drill. 3. 4,800 R.O for materials going out of inventory to belong to well and well2 by equal. 4. 8800 R.O Purchased some materials on the account. 5. 16000 R.O salaries 6. 2000 bonuses. 7. 8000 R.O Administration expenses. Note that: all costs distributed as the depth of well, the depth of well 1 (1500 feet), well2 (1420 feet). So prepare the : 1- Journal entries.(7 Marks) 2- Ledger for work in process.(2Marks) 3- Ledger for all wells(2Marks) 4- Closing the wells. (2 Mark)