Question
Ayayai A.. is involved in a lawsuit at December 31, 2020. Prepare the December 31 entry assuming it is probable that Ayayai will be
Ayayai A.. is involved in a lawsuit at December 31, 2020. Prepare the December 31 entry assuming it is probable that Ayayai will be liable for 1795,000 as a result of this suit. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Date Dec. 31 Account Titles and Explanation eTextbook and Media List of Accounts Debit Credit Prepare the December 31 entry, if any, assuming it is not probable that Ayayai will be liable for any payment as a result of this suit. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31
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