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Cullumber Tools uses the allowance method to account for uncollectible accounts. May 20 The account of Barack Obama for $1,042 was deemed to be uncollectible and is written off as a bad debt. Aug. 7 Recelved a check for $252 from Barack Obama whose account had previously been written off as uncollectible. Dec. 31 Use the following information for the year-end adjusting entry: The balances of Accounts Recelvable and Allowance for Doubtful Accounts at year-end are $100,800 and $100, respectively, both with debit balances. It is estimated that bad debts will be 1.5% of accounts receivable. Prepare the appropriate journal entries to record the above transactions during 2014. (Credit occount titles are automatically indented when the amount is entered. Do not indent manually