Received legal notification from Benson, Rosenbrook, and Martinson, P.C., attorneys at law, that Stevenson College...
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Accounting
Received legal notification from Benson, Rosenbrook, and Martinson, PC 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 writeoff" for accounting for bad debts. 
Received legal notification from Benson, Rosenbrook, and Martinson, PC 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 writeoff" for accounting for bad debts.
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