SuperGroup had to issue three profit warnings in a short period of time and saw a significant decline in the price of its stock. Part of the efforts to address the firm's problems include expanding the market to an older age group and also internationally. What challenge might this present to those working in the support function of finance?

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.