114.

112.

ed that there is a 40% chance olosing ir this is the case, their attorney estimated that the amount of any payment would be S791000 what is the required journal entry as a result of this litigation? No journal entry is required. O Debit Litigation Expense for $ 791000 and credit Litigation liablity for $ 791000. ODebit Litigation Expense for $ 316400 and credit Utigation Liabity for $ 316400 O Debit Litigation Expense for $ 474600 and credit Litigation Liability for $ 474600 Bramble pays a veekly payroll of SS0000 that includes federal taxes with held of S38100 FCA tanes withheld of S23870, and 401 k) withh kings of $27500. What is the effect of assets and liabilities from this transaction? OAssets decrease $ 188030 and liabilties decrease $ 61970. O Assets decrease $ 188030 and Rabilities increase $ 61970 Assets decrease $ 250000 and liabilities do not change. Assets decrease $ 160530 and liabilities increase $ 89470