2. Summer Smath's Induatries began bunlness on January 1, 202a. S5l uses the Percentage of Accounts Receivabie methed to estimute bad debts. Ssi prepares quarterfy financial statements. 1-19-23: Swivs on kosount $300,000 24023. Sales on Ncoourt $400,000 31523 ; Coliectiod 3600,000 , in ascouets recervatie receivable are uncolecchble. 4-15-23. Sales on Acotornt $400,000. receivatile are uncelectibie Required: Record the transactions in the Joumal and post them to the ledger. 4. Tara's Treasures uses the perpetual invertory syuttem. 7-1: TT purchases a deess on account from Valentino for $20,000. The ferms are 2tomy30, FOe Shipping Point. 71 : Pay dellivery charges in cash, $2,000. 7.7. Pays Valentine bill in eash 7.15: Bells Barnes purchases the dress for $35,000 cavh Record the transactions in the joumal and post them so the ledger