During 2019, Chadax Oil Company obtained the following leases: After obtaining these leases, Chadax Oil Company incurred
Question:
During 2019, Chadax Oil Company obtained the following leases:
After obtaining these leases, Chadax Oil Company incurred shooting rights on Leases A and C at $1.50/acre and incurred the following costs:
REQUIRED: Give entries for the above transactions.
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