QUESTION 3 (24 marks) Shell Corp sell boats. On December 1, the accounts receivable had a balance of $60,000, the bad debt expense had a balance of $0, and the allowance for doubtful accounts had a credit balance of 4,000 . Journalize the remaining journal entries for the 2023 year: Dec. 5 Shell sold boats for $6,000 on account with a cost of $3000. 19 Determined that the total accounts of Haystead Co. with an accounts receivable balance of $1,000 and Green Co. with an accounts receivable balance of $2,500 were uncollectible and needed to be written off. 22 Unexpectedly received payment from Haystead Co. for $1,000. 31 Estimated that 8% of accounts receivable recorded to date would be uncollectible. Required 1. (12 marks) Prepare Journal entries to record the transactions. 2. (12 marks) Draw and fill in the T account for accounts receivable, bad debt expense and allowance for doubtful accounts. Determine the ending balance for each accoun