record the adjust entry for uncollectable accounts

CHS Hw tpx 9.09 points 8, its first year of operations, Pave Construction provides services on account of $140,000. By the end of 2018, cash collections on these accounts total $100,000 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 transactionlevent, select "No journal e in the first account field.) View transaction list Journal entry worksheet Record the adjustment entry for Uncollectible Accounts. Note: Enter debits before credits Date General Journal DebitCredit December 31, 2018 2. Calculate the net realizable value of accounts receivable. Total accounts receivable Net realizable value