Brief Exercise 13-10 Pharoah Inc. is involved in a lawsuit at December 31, 2017. Prepare the December 31 entry assuming it is probable that Pharoah will be liable for $954,500 as a result of this suit. (II 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.) Account Titles and Explanation December 31, 2017 Prepare the December 31 entry, if any, assuming it is not probable that Pharoah 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 Debit Credit December 31, 2017