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During 2018, its first year of operations, Pave Construction provides services on account of $146,000. By the end of 2018, cash collections on these accounts total $103,000. Pave estimates that 30% of the uncollected accounts will be bad debts. Required: 1. Record the adjustment for uncollectible accounts on December 31, 2018. (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 Dabit Credit No General Journal Date December 31. 2018 1 12,900 Bad debt expense 12.900 Allowance for uncollectible accounts 2. Calculate the net realizable value of accounts receivable. Total accounts receivable Net realizable value