The following is an accounts receivable ageing schedule for Chin Ltd. Number of days past due Customer Lee Lu Sing Wong Total $ 22.000 40000 57 000 Not yet due 1-30 $10000 31-60 $12000 61-90 Over 90 $ 40000 16000 6000 $35000 34 000 $34000 Others 126000 96000 16000 14 000 279 000 152000 32 000 26000 35000 34000 Estimated percentage uncollectable 4% 7% 13% 25% Total estimated bad debts 37 450 6080 $ 2240 3380 $ 8750 50% $17.000 At 31 December 2023, the unadjusted balance in Allowance for Doubtful Debts is a credit of $12000. Required (a) Journalise and post the adjusting entry for bad debts at 31 December 2023. (b) Journalise and post to the allowance account these 2024 events and transactions. (Use running-balance format.) 1. 31 March, a $500 customer balance originating in 2024 is determined to be uncollectable. 2. 31 May, a deposit of $500 is received from the customer whose account was written off as uncollectable on 31 March. (c) Journalise the adjusting entry for bad debts at 31 December 2024, assuming that the unadjusted balance in allowance for doubtful debts is a debit of $800 and the ageing schedule indicates that total estimated bad debts will be $30 300. LO8