During 2018, its first year of operations, Pave Construction provides services on account of $152,000. By the end of 2018, cash collections on these accounts total $106,000. Pave estimates that 30% of the uncollected accounts will be bad debts. Required: 1. Record the adjustment for uncollectible accounts on December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 1 Record the adjustment entry for Uncollectible Accounts. Note: Enter debits before credits. Date December 31, 2018 General Journal Debit Credit 2. Calculate the net realizable value of accounts receivable. Total accounts receivable Net realizable value