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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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