2. Logan's Logistics uses the percentage of credit sales method to estimate bad debt expense and the allowance for doubtful accounts. The credit sales for 2021 are $900,000, Logan's estimates 10% uncollectible. On June 10, 2022, Logan's writes off Carter's $94,000, accounts receivable that was outstanding on December 31, 2021. This was the only 2021 accounts receivable write-off. The credit sales for 2022 are $1,000,000, Logan's estimates 10% uncollectible. Required: Prepare the appropriate journal entries and post them to the ledger