Credit sales DOWNSIDE At the end of 2018, its first year of operations, Asphalt Construction has an Accounts Receivable balance of$50,000. Asphalt estimates that 20% of the Accounts Receivable balance will be uncollectible. Before adjustment, the balance in the Allowance for Uncollectible Accounts is zero. 2/ 5. How much will Asphalt record as/Bad debt expenseat December 31, 2018? lo,oo On October 1, 2018, Oberly Corporation loans $40,000 for a 12-month, 7% Note receivable. How much interest revenue Oberly will earn (accrue) at December 31 2018? 6. 546-3700