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During 2018, its first year of operations, Pave Construction provides services on account of $152,000. By the end of 2018, cash collections on these accounts total $106,000. 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 transaction/event, select "No journal entry required" in the first account field.)
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During 2018, its first year of operations, Pave Construction provides services on account of $152,00...
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