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The journal entry to record a lease bonus paid under successful efforts accounting: Debit Cash, Credit Lease Bonus Payable Debit Acquisition Costs, Credit Cash Debit

The journal entry to record a lease bonus paid under successful efforts accounting:

Debit Cash, Credit Lease Bonus Payable

Debit Acquisition Costs, Credit Cash

Debit Unproved Property, Credit Cash

Debit Lease Bonus, Credit Cash

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