Select all that apply. Select each of the Biblical principles regarding debt.

-Avold long-term debt.
-The borrower has an absolute commitment to repay.
-Debt should be avoided whenever possible.
-Don't promise to pay without having a sure way to do so.
-Avold credit cards.
-Avold paying taxes.

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.