Homework: Week 6 - Chapter 09 problems Score: 0 of 1 pt P10-39B (similar to) Save 5 of 6(1 complete) HW Score: 4 29%, 026 of 6 pts Question Help Garrison Ol Company has an account titled Olil and Gas Properties. Garrison paid $6,200,000 for oil reserves holding an estimated 200.000 barrels of oil Assume the company paid $550,000 for additional geological tests of the property and $450,000 to prepare for drilling During the first year, Garrison removed and sold 82,000 barrels of oil. Record all of Garrison's transactions, including depletion for the first year. (Record debits first, then credits. Explanations wail appear on the last line of the journal entry table.) Garrison pald $6,200,000 for oil reserves holding an estimated 200,000 barrels of oil Record the payment for the oil reserves. Do not record payment for any additional costs associated with the oll reserves (geological testing andlor driling) We will do this in the following entry Debit Credit Date Accounts and Explanation Choose from any list or enter any number in the input fields and then click Check Answer Check Answer Clear All