Question: Prepare the December 31 entry assuming it is probable that Nash will be liable for $854,900 as a result of this suit. (If no

Prepare the December 31 entry assuming it is probable that Nash will

Prepare the December 31 entry assuming it is probable that Nash will be liable for $854,900 as a result of this suit. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation December 31, 2020 Debit Credit

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