In August 2015, a customer at TU Bank slipped on a wet floor and broke an arm.

Question:

In August 2015, a customer at TU Bank slipped on a wet floor and broke an arm. The customer sued the bank in September 2015. As of TU Bank’s December 31 year- end, the company’s attorneys believe that it is 80% likely that TU will lose this case. The attorneys estimate that the loss will range between $ 200,000 and $ 350,000. What is the journal entry?