12-14 The following is an aging schedule for Griffin Hotel: Not Number of Days Past Due Customer Total Yet Due 1-30 31-60 61-90 Over 90 Hovey $ 19,800 $ 9,800 $10,000 Mark 30,000 $30,000 Osborne 54,000 12,000 $ 5,000 $37,000 Peluso 21,579 17,000 4,579 Others 124,259 24,000 23,678 46,688 25,333 4,560 $249,638 $71,000 $45,478 $51,688 $39,912 $41,560 Estimated Percentage Uncollectible 3% 8% 15% 30% 65% Total Estimated Bad Debts $52,509.04 $2,130.00 $3,638.24 $7,753.20 $11,973.60 $27,014.00 On December 31, 2008, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $12,000. Instructions (a) Journalize and post the adjusting entry for bad debts at December 31, 2008. (b) Journalize and post to the allowance account the following events and transactions in the year 2009. (1) On March 31, a $1,000 customer balance originating in 2004 is judged uncollectible. (2) On May 31, a check for $1,000 is received from the customer whose account was writ- ten off as uncollectible on March 31. (c) Journalize the adjusting entry for bad debts on December 31, 2009, assuming that the un- adjusted balance in Allowance for Doubtful Accounts is a debit of $800 and that the ag- ing schedule indicates that total estimated bad debts will be $30,300