Question 25 1 pts When must a company record an adjusting entry regarding a potential liability? if the potential liability is probable and can be reasonably estimated If the potential liability is reasonably possible and can be reasonably estimated If the potential liability is remote and can be reasonably estimated of the potential liability is probable but cannot be reasonably estimated Question 26 2 pts Emily's law firm issued a $500,000 of 5%, five-year bonds payable on January 1, 2020. The market rate on the date of issuance was 10%, and the bonds pay interest semiannually. What is the interest expense that will be recorded on 6/30/20? $12.500 $25,000 $20,176.25 $7,676,25