Question: please help me and please provide me proper answer with proper explanation. we ABC Company did exploration in area 8 KM and it founded oil,
please help me and please provide me proper answer with proper explanation.

we ABC Company did exploration in area 8 KM and it founded oil, then drilled 4 wells ,so it started to development the field and drilling , company they gives this information below : 1- 4000 ED for the expenses to bring the drill 2- 26000 0.0 for removei and installation the drill 3- 6000 FLO for materials going out of inventory belong to well land weii3. 4- 12500 0.0 Purchased some materials on the account . S- 56000 0.0 salaries and bonuses. 6- 3000 RD Administration expenses . Note that: -all cost distributed as the number of days to drill the well, well 1 12 days , wellz 20 days, well 3 30 days and well4 35days. So prepare the : 1- .loumal entries. 2- Ledger for work in process. 3- Ledger for all wells 4- if well 3 dry
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