Southwest Pediatrics has the following balances on December 31, 2018 before any adjustment: Accounts Receivable =115,000; Allowance For Uncollectable Accounts= 2,000 (debit). On December 31, 2018, Southwest estimates Uncollectable Accounts to be 10% of accounts receivable.

1. Record the adjustment entry for Uncollectable Accounts.

2. Determine the amount at which bad debt expense is reported in the income statement and the allowance for Uncollectable Accounts is reported in the balance sheet.

3. Calculate the net realizable value of accounts receivable.