V Show Time Remaining Contingent Liabilities should be recorded in the financial statements it. A. The contingent event is probable. OB. A reasonable estimate of the loss can be made. C. The contingent event is likely D. Both A and B. Reset Selection Mark for Review What's This? Part 22 of 24.022 Question 22 of 24 4 Points On December 31, 2020, Zipper Co. owes Peter's Painting 5700 for painting that Pete did in December 2020. Pete has not yet billeduper Co Whaton entry or any does inper need to make on December 31, 20207 A Dr. Cash $700 Accounts Payable $700 Bor Unearned Revenue 5700 Cr. Painting Revenue $700 C. Dr. Painting Expense $700 Cl. Accounts Payable 3700 D. No entry needed Go . 6