Blue Inc. is involved in a lawsuit at December 31, 2017.

Blue Inc. is involved in a lawsuit at December 31, 2017. Prepare the December 31 entry assuming it is probable that Blue will be liable for $877,900 as a result of this suit. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Prepare the December 31 entry, if any, assuming it is not probable that Blue will be liable for any payment as a result of this suit. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit December 31, 2017 |' E E