Homework: Chapter 7:10 Homework Question 4, PF10-39B (s. HW Score: 0%, of 20 points Save Part 1 of 3 O Points: 0 of 3 McCabe Ol has an accounted ol and Gas Properties McCabe paid $6.800,000 for ofteserves holding an estimated 200.000 barrels of all sume company paid $10.900 for anal geological toto the property and 5460,000 to prepare for drilling During the first year, McCabe removed and sold 70,000 bare of oil Record aliol McCabe's Samactions including depletion for the first year. Record debits for the credits Explorer will appear on the last line of the jouma entry table) McCabe paid 56,800,000 for all deserves holding animated 200,000 bars fot Record the payment for the reserves. Do not record payment for any ditional consociated with the observe geological testing and wroteg) We will do this is the following Date Accounts and Explanation Debi Credit Check