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The journal entry to record a dry-hole contribution paid under successful efforts accounting: Debit Dry-hole Contribution Expense, Credit Cash Debit Unproved Property, Credit Cash Debit

The journal entry to record a dry-hole contribution paid under successful efforts accounting:

Debit Dry-hole Contribution Expense, Credit Cash

Debit Unproved Property, Credit Cash

Debit Dry Hole Expense, Credit Cash

Debit Test Well Contribution Expense, Credit Cash

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