23 Panama Shin Designs is a defendant in Ingation trwoling an employee accident in its manufacturing plant Record the appropriate joumal ontry for each of the following scenarios. Alf no entry is required for a particular transaction event, select "No Journal Entry Required in the first account field) 1 The likelihood of a loss occurring is probable and the estimated loss Is 5550,000 2. The likelihood of a loss occurring is probable and the loss is estimated to be in the range of $500,000 to $750,000 3. The likelihood of a loss occurring is reasonably possible and the estimated loss is $550.000, 4. The likelihood of a loss occurring is remote. while the estimated potential loss is $550.000. 06 eBook View transaction that Journal entry worksheet 1 3 The likelihood of a loss occurring is probable and the estimated loss is 5550.000. If necessary, record the appropriate journal entry bre Transacbon General Journal Debit Credit Mercedy Chwely We ajal