Question: 5. Award: 2 00 points During 2018, Its first year of operations, Pave Construction provides services on account of $156,000. By the end of 2018,

5. Award: 2 00 points During 2018, Its first year of operations, Pave Construction provides services on account of $156,000. By the end of 2018, cash collections on these socounts total $108,000. Pave estimates that 20% 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 transaction/event, select "No journal entry required" In the first account Bold.) View transaction list Journal entry worksheet Record the adjustment entry for Uncollectible Accounts. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2018 Record entry Clear entry View gonural Journal 2. Calculate the net accounts receivable Total accounts receivable Net realizable value

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