During 2018, the uncollected accounts will be bad debts. s first year of operations, Pave Construction provides services on account of $136,000. By the end of 2018, cash collections on these accounts total $98,000. Pave estimates that 30 % of 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 View journal entry worksheet General Journal Debit Credit No Date Dece 31 2018 Bad debt expense 11,400 1 11.400 Allowance for uncollectible accounts 2. Calculate the net realizable value of accounts receivable. Total accounts receivable Add: Bad debt expense Less: Allowance for uncollectible accounts (11,400) Net realizable value