3. Question 3. (2 mark) Coffeldt Sign Company uses the allowance method in accounting for uncollectible accounts. Requirement: Record the following events in 2011: Aug. 10 Sept. 12 Oct. 10 Nov. 15 Determined that the account of Sue Lang for $1,000 is uncollectible. Determined that the account of Tom Woods for $4,000 is uncollectible. Received a check for $550 as payment on account from Sue Lang, whose account had previously been written off as uncollectible. She indicated the remainder of her account would be paid in November (Coffeldt Sign Company decided to recovery the whole account receivable from Sue Lang and recoded $550 received from Sue Lang) Received a check for $450 from Sue Lang as payment on her account.