Panama Shirt Designs is a defendant in litigation involving an employee accident in its manufacturing plant Help Save Record the appropriate journal entry for each of the following scenarios. Of no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) 1. The likelihood of a loss Occurring is probable and the estimated loss is $650.000 2. The likelihood of a loss occurring is probable and the loss is estimated to be in the range of $500,000 to $350,000 3. The likelihood of a loss occurring is reasonably possible and the estimated loss is $650,000 4. The likelihood of a loss occurring is remote, while the estimated potential loss is $650,000 View transaction list Journal entry worksheet 1 2 3 4 The likelihood of a loss occurring is probable and the estimated lossis $650.000. If necessary, record the appropriate journal entry Note: Enter debts before credits Debit Transaction General Journal View transaction list Journal entry worksheet View transaction list Journal entry worksheet The likelihood of a loss occurring is reasonably possible and the estimated loss is $650,000. If necessary, record the appropriate journal entry. Note: Enter debits before credits Transaction General Journal Debit Credit Clear entry View generale Prey 25 of 50 Next > View transaction list Journal entry worksheet