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The journal entry to record successful completion of a well under successful efforts accounting: Debit Wells and Equipment, Credit Wells-in-Progress Debit Wells and EquipmentDebit Wells
The journal entry to record successful completion of a well under successful efforts accounting:
Debit Wells and Equipment, Credit Wells-in-Progress
Debit Wells and EquipmentDebit Wells and Equipment, Credit Cash, Credit Cash
Debit Completion Expense, Credit Cash
Debit Wells-in-Progress, Credit Wells and Equipment
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