Question: pls answer Current Attempt in Progress On July 9, 2020, 13 passengers on a Coronado Fishing and Scuba Tour were injured when the boat accelerated

pls answer

pls answer Current Attempt in Progress On July 9, 2020, 13 passengers

Current Attempt in Progress On July 9, 2020, 13 passengers on a Coronado Fishing and Scuba Tour were injured when the boat accelerated when docking and crashed into the pier. Personal injury suits for damages totaling $621,000 were filed on August 13, 2020, against the tour company by 7 injured passengers. The tour company carries no insurance. Legal counsel has studied each suit and advised Coronado that it is probable that it will pay 40% of the damages claimed. The financial statements for the year ended July 31, 2020, were issued September 29, 2020. (a2) Prepare the journal entry required by the tour company in preparation of the July 31, 2020, financial statements. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 31, 2020

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