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.

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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