Journal entry worksheet Record the adjustment entry for Uncollectible Accounts. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 9,600 2018 Allowance for uncollectible...

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 accounts 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 field.)

Extracted text: Journal entry worksheet Record the adjustment entry for Uncollectible Accounts. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 9,600 2018 Allowance for uncollectible accounts 9,600 Record entry Clear entry View general journal


Extracted text: 2. Calculate the net realizable value of accounts receivable. Total accounts receivable Net realizable value