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Larkspur Inc. is involved in a lawsuit at December 31, 2020. (a) Prepare the December 31 entry assuming it is probable that Larkspur will be

Larkspur Inc. is involved in a lawsuit at December 31, 2020. (a) Prepare the December 31 entry assuming it is probable that Larkspur will be liable for $870,600 as a result of this suit. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation December 31.2020 Debit Credit eTextbook and Media List of Accounts Save for Later Attempts: unlimited Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above. (b) O MacBook Pro E

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