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Record the following transactions for Chavez Energy Corp.: a . Chavez Energy incurred costs of $ 4 0 , 0 0 0 in preparing a
Record the following transactions for Chavez Energy Corp.:
a Chavez Energy incurred costs of $ in preparing a drillsite.
b The contractor was paid $ on a dayrate contract all intangible
c Equipment casing costs of $ were incurred.
d Costs of $ were incurred in evaluating the well.
e Chavez Energy decided to complete the well and incurred costs of $
perforating and fracturing $cementing and $equipment
in completing the well.
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