Summer Smith's Industries began business on January 1, 2023. SSI uses the Percentage of Accounts Receivable method to estimate bad debts. SSI prepares quarterly financial statements. 1-19-23: Sales on Account $300,000 2-20-23: Sales on Account $400,000 3-15-23: Collected $600,000, in accounts receivable. 3-31-23: Balance in Accounts receivable $100,000. SSI estimates 10% of accounts receivable are uncollectible. 4-15-23: Sales on Account $400,000 5-10-23: Write off Summer Stuart's accounts receivable for $8,000. 6-30-23: Balance in Accounts Receivable $492,000 SSI estimates 8% of Accounts receivable are uncollectible. Required: Record the transactions in the Journal and post them to the ledger.