Question 3 [12 points] At year-end, December 31, 2014 Courtland Corp. showed unadjusted balances of: $255,000 in Accounts Receivable; $5,700 debit in Allowance for Doubtful Accounts; and $1,075,000 in Sales. Uncollectible accounts are estimated to be 2.5% of sales. Unadjusted balances at December 31, 2015 were $280,000 in Accounts Receivable; $5,400 credit in Allowance for Doubtful Accounts; and $725,000 in Sales. Courtland Corp. prepared an aging analysis on December 31, 2015, that estimated total uncollectible accounts to be $18,600. At December 31, 2016, the General Ledger showed unadjusted balances of $255,000 in Accounts Receivable; $4,600 credit in Allowance for Doubtful Accounts; and $1,200,000 in Sales. Uncollectible accounts are estimated to be 4% of outstanding accounts receivable. Use this information to prepare the 2014, 2015, and 2016 year-end adjusting entries to estimate uncollectible accounts. Enter an appropriate description for each journal entry. T-accounts have been provided for your calculations, but will not be marked. Date 2014 General Journal Account/Explanation Page GJ1 F Debit Credit Accounts Receivable Allowance for Doubtful Accounts 2015 2016