GLOBAL supermarkets of Bunol, Spain runs a special on tomatoes during the annual La Tomatina festival. They also run a money-back guarantee for anyone with unused tomatoes who is not completely satisfied with their aerodynamic qualities. From past history, Global knows that only 2% of the tomatoes will be returned. This year they sell 500,000 kilograms of tomatoes at a price of 0.40 euros per kilo. Show the adjusting T-account entry necessary to record the liability created by the money-back guarantee. Show the entry that GLOBAL will have to make when a soggy-but-happy customer returns a kilo of tomatoes sometime after the adjusting entry in requirement 1 is made. SLIPPHRYFFET SHOH Company has been sued by a customer who fell down while wearing a pair of the company's product at the local ice rink. The lawsuit asks for $3.000.000 in unspecified damages. Required: show the appropriate journal entry and describe any footnote under the following three conditions. 1. SLIPPERYFKET's attorney thinks that the possibility of losing this case is remote since the customer was well-known to be accident prone. 2. SLIPPERYFEET's attorney thinks that it is reasonably possible that the company will have to pay something to settle the case and that this is a good idea since it will eliminate the negative publicity. 3. SLIPPERYFEET's attorney thinks it is likely that the company will have to pay between S360.000 and $700,000 as a result of the case