Question: 1 2 2 3 rd No p . 1 9 Received legal notification from Benson, Rosenbrook, and Martinson, P . C . , attorneys at

12 23

rd No p

. 19

Received legal notification from Benson, Rosenbrook, and Martinson, P

.

.,

attorneys at law, that Stevenson College had filed bankruptcy and will most likely be unable to pay any of its outstanding debts to its suppliers. Write off the account as a bad debt.

Remember that Waren Sports Supply uses the

Allowance

method rather than

Direct write

-

off

for accounting for bad debts.

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