Selected transactions for the Jackson Independent School District are presented below. All amounts are in thousands of dollars 1. On January 1, the school district levied property taxes of $8,000. The due date for the taxes is March 31. The school district expects to collect all except $200 either by the end of the fiscal year or within 60 days thereafter. The other $200 is expected to be uncollectible. 2. During the first quarter (ending March 31) the school district collected $6,800 of its current year's property taxes. The rest of the taxes are past due 3. On June 12, the school district wrote off $88 of property taxes as uncollectible 4. From March 31 to December 31 the school district collected $700 of the property taxes that were levied on January 1. The school district expects to collect an additional $30O of these taxes during the first two months of the next fiscal year. Instructions: Prepare the necessary journal entries. Dates and explanations may be omitted. If a transaction requires no entry, do not leave it blank: state "No Entry Required" and explain why