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Please help me prepare the entries. Thank you. Kincaid Oil Company's balance sheet, at 12/31/18, included unproved property account balances as follows: During 2019, the

Please help me prepare the entries. Thank you.
Kincaid Oil Company's balance sheet, at 12/31/18, included unproved property account balances as follows: During 2019, the following events related to the above unproved properties occurred: a. Lease A is abandoned. b. Lease B is surrendered. c. Leases G \& F (individually insignificant) in the amounts of $4,500 and $3,000, respectively, are abandoned. REQUIRED: Prepare the necessary entries

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