debits fint, then credis. Select the explanifion on the last ine of the joumal entry casie) Aswume the company paid $550,050 for addsonal geological lests of the propenty and $490,000 to prepare for drilirg Record the payment for addsonal goological tests of the propenty and for preparing the property for dhang (Recont a single compound jourrai entry) Durng the first yeat, Casellu removed and sold 60,000 barrels of of. Dung the fint yax Casela remeved and soid 60,000 barnele of of