Amount is 2900. ADA has a credit balance of 1750.81.

What would the adjusting entry for this look like?

22 Received legal notification from Benson, Rosenbrook, and Martinson, P.C., attorneys at law, that Stevenson College had filed bankruptcy and will be unable to pay any of its outstanding debts to its suppliers. Write off the account as a bad debt. ADA Bod Debt Ey Remember that Waren Sports Supply uses the "Allowance" method rather than "Direct write-off" for accounting for bad debts