To record purchase of oil roserves Assume the company paid $510,000 for additional geological tests of the property and $410,000 to prepare for drilling Record the payment for additional geological tests of the property and for preparing the property for drilling (Record a single compound journal entry) Date Accounts and Explanation Debit Credit Oil and Gas Properties Cash To record payment of costs associated with purchase of oil reserves Choose from any list or enter any number in the input fields and then click Check Answer Clear All 1 part remaining 10 II O Type here to search Consell Company has acced Of and Gas Properties Consold 56.400,000 for freevestoing an estimate 500.000 este post for Droperty and $410,000 to prepare for dig. During the first your Centenored and sold 6.000ths for Record wil of Conteces tramos no depletion for the folyado Exions on the line of my fat Record the namem. Do not record payment for any additional costs with the recogidos Www in two Date Accounts and Explanation Debit Credit On and Ons Pro 600,000 Cash 400.000 TO Amecom 10.000 tona qedoch of the property 10.000 per ordring Mecand perforations of the property and to preparing the count for compound Data Accounts and planation Debat Credit Oil and Gas Properti To record met of content with purchase