2. Past experience indicates that 17% of total accounts receivable will eventually be uncollectible for the Elmerez Rental Company. Selected general ledger account balances at December 31, 2013, and December 31, 2014, appear below: Instructions (14 Marks) a. Record the following events in 2014 (no explanations necessary): Aug 10 Determined that the account of Henry Hum for $2,500 is uncollectible. Sep 12 Determined that the account of Mark Pippy for $4,000 is uncollectible. Oct 10 Received a cheque for $1,800 as payment on account from Henry Hum, whose account had previously been written off as uncollectible. He indicated the remainder of his account would be paid in November. Nov 15 Received a cheque for $700 from Henry Hum as payment on his account. b. Prepare the adjusting journal entry to record bad debt expense for the year ended December 31, 2014. c. What is the balance of Allowance for Doubtful Accounts on December 31, 2014