Exercise 5-7 Record the adjustment for uncollectible accounts and calculate net realizable value 1L05-3) By the end 2018, cash Collections on these accounts total $103 Pave estimates that 30% ofthe ing 2018, ns srst year of operators. P ve C nst uctor pro des se i es on a cont of S 146 uncolected accounts will be bad debts Required: 1. Record the adjustment for un collectble aocounts on December 31, 2018 (r no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the adjustment entry for Uncollectible Accounts Note: Enter debits before credits Credit 2018 Record entry Clear entry View general journal 2. Calouate the net realizabie value of accounts recelvable. realizabie value