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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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