Ephrayim Oil and Gas Company abandoned a proved property late in 2020. Costs relating to the property are as follows: Proved property Wells and Equipment Exploratory dry holes Paid-up Ordinary Shares 2,150,000 1,750,000 480,000 18,500,000 Journalized the transaction: For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)