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Headland Inc. is involved in a lawsuit at December 31, 2017. Prepare the December 31 entry assuming it is probable that Headland will be liable

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Headland Inc. is involved in a lawsuit at December 31, 2017. Prepare the December 31 entry assuming it is probable that Headland will be liable for $862, 200 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.)

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