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Please answer in the gerneral journal format thank you! 10A-4. SLIPPERYFEET SHOE Company has been sued by a customer fell down while wearing a pair
Please answer in the gerneral journal format thank you! 10A-4. SLIPPERYFEET SHOE Company has been sued by a customer fell down while wearing a pair of the company's p The lawsuit asks for $4,000,000 in unspecified damages. roduct at the local ice rink. Required: show the following three conditions. the appropriate journal entry and describe any footnote under 1. SLIPPERYFEET'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 $450,000 and $900,000 as a result of the case. Template for Problem 10A4 Name: TA Name: Lab Section Time: GENERAL JOURNAI DEBIT CREDIT DESCRIPTION DATE
Please answer in the gerneral journal format thank you!
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