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The journal entry to record payment of delay rentals under successful efforts accounting: Debit Unproved Property, Credit Cash Debit Wells-in-Progress IDC, Credit Cash Debit Delay
The journal entry to record payment of delay rentals under successful efforts accounting:
Debit Unproved Property, Credit Cash
Debit Wells-in-Progress IDC, Credit Cash
Debit Delay Rentals Expense, Credit Cash
Debit Wells & Equipment, Credit Cash
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