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help asp WWD Oil Company sells 10,000 bbl of oil for $70 per barrel. The lease provides for a 1/6 Royalty interest, and the WI

help asp

WWD Oil Company sells 10,000 bbl of oil for $70 per barrel. The lease provides for a 1/6 Royalty interest, and the WI owner has distributed an ORI of 1/4. The severance tax rate is 6%. Record the entry by WWD for the sale of the gas

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