CHAPTER Drilling and Development Costs-Successful Efforts 183 19. Jenkins Company made the following expenditures during 2019: a. Recompletion costs on well #560 of $100,000 for IDC and $80,000 for equipment. The well was recompleted at 15,000 feet, which was a new producing formation. b. Reentered well #820 and incurred $90,000 for IDC and $10,000 for equipment. The well was deepened to 16,000 feet to evaluate a new unproved horizon. Proved reserves were not found. c. Workover costs on well #310 of $21,000 necessary to restore production after sand had clogged the tubing. REQUIRED: Give the entries to record the above expenditures