Question
Anthony's is involved in a legal matter. A customer who purchased helium balloons from Anthony's has sued for $1,000,000 because some of the balloons burst
Anthony's is involved in a legal matter. A customer who purchased helium balloons from Anthony'shas sued for $1,000,000 because some of the balloons burst and the customers dogs were frightened and will now no longer go near anything that even resembles a balloon, such as balls or round lawn ornaments. The customer has had their two dogs in therapy but to no avail as the dogs are still frightened of round objects. The Anthony'slegal team believes that it is likely that Anthony's will lose somewhere between $50,000 and $250,000. The customer has offered to settle for $750,000.
Please record all entries for this transaction including disclosure.
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