During 2018, its first year of operations, Pave Construction provides services on account of $154,000. By the end of 2018, cash collections on these accounts total $107,000. Pave estimates that 25% of the uncollected accounts will be bad debts. Record the adjustment for uncollectible accounts on December 31, 2018.
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During 2018, its first year of operations, Pave Construction provides services on account of $154,00...
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