A well-known celebrity sponsored a telethon for the Help for the Blind Foundation on November 1, 2012. Pledges in the amount of $1,000,000 were called in. Using similar telethon campaigns as a basis, it is estimated that 25% of the pledges will be uncollectible.
During 2013, $700,000 of contributions from these pledges were collected. The remainder were uncollectible.

Required:
Identify the appropriate fund(s) and prepare the journal entries necessary in 2012 and 2013 to record these transactions.