Mary is an owner of an independent movie theatre. she has just learned that her suppler of popcorn will no longer be able to provide her with product. she is preparing to negotiate with pete who owns a local popcorn manufacturing and distribution company. who has the advantage in this situation?

Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.