Brief Exercise 13-10

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

Prepare the December 31 entry assuming it is probable that Shamrock will be liable for $882,000 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

Show List of Accounts

Prepare the December 31 entry, if any, assuming it is not probable that Shamrock 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