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AutoSave . Off H 2. Intermediate Accounting II Project ISABEL CISNEROS - Excel Sign in File Home Insert Page Layout Formulas Data Review View Developer Help Easy Document Creator Foxit PDF QuickBooks Search Share Comments & Cut Calibri - 11 - A" A" ab Wrap Text General Normal 3 Normal Bad Good Neutral LIX AutoSum AY O Paste [B Copy . 1 Fill Format Painter BIU- - LA. E Merge & Center $ ~ % 9 00 20 Conditional Format as Calculation Check Cell Explanatory ... Linked Cell nsert Delete Format Clear Ideas Formatting * Table Input Sort & Find & Filter . Select Clipboard Font Alignment Number Styles Cells Editing Ideas C18 X V fax D E G H K L M N 0 P Q R S T U V W X Y Z AA AB AC 1 2 Awesome Company is a defendant in a lawsuit at December 31, 2019. Based upon counsel and 3 management's opinion, the outcome of such matters is expected to have a material adverse effect 4 on the financial position of the company. The dispute is expected to be resolved in 2020 and it has 5 been estimated that Awesome will be liable for $750,000 as a result of this suit. Prepare the 6 December 31 entry assuming it is probable that Awesome will be liable for $750,000 as a result of 7 this suit. Other information regarding the suit include; . Alleged wrongful injury and/or death from exposure to asbestos fibers in the air 10 . Alleged period of exposure - March 10, 2019 to April 15, 2019 12 Account Titles and Explanation Debit Credit 14 13 12/31/2019 15 16 Instructions & Grading 1. Adjusting Entries Sheet2 2. Worksheet 3. Income Statement 4. Retained Earnings Statement 5. Balance Sheet 6. Statement of Cash Flows 7. No ... + Ready 100% a N P M 11:33 PM 4/15/2020