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Harrison Properties purchases a 1/8 ORI for $10,000. Proved reserves for Harrison at year-end 2021 are 20,000 barrels, and production for 2021 was 3,000 barrels.

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Harrison Properties purchases a 1/8 ORI for $10,000. Proved reserves for Harrison at year-end 2021 are 20,000 barrels, and production for 2021 was 3,000 barrels. REQUIRED: Prepare journal entries for Harrison Properties and compute DD&A for 2021. For numerical answers: (O) DO NOT use commas to separate thousands places in numerical answers (2) use a minus sign to indicate negative numbers.(3) DO NOT use dollar signs. (4) amounts should be entered from smallest (at top of the entry line items) to largest (at bottom of the entry), which is ascending order Account Debit Credit DD&A for 2021

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