0 Problem 9-4A Accounts recelvable transactions and bad debts edjustments LO C1, P2, p3 2010 2017 51,344.300 cash in payment of accounts receivable E 2016 J17 Problem 9-4A Accounts recelvable transactions and bad debts adjustments LO C1, P2, P3 Liang Company began operations on January 1, 2016. Duri involing sales on credit accounts recevable collections, and bad debts. These transactions are summarized as follows. ng its first two years, the company completed a number of transactions 2018 a. Sold $1.345.600 of merchandise that had cost $982,200) on credit, terms n/30 b. Wrote off $19.400 of uncollectible accounts receivable. c. Received $670,900 cash in payment of accounts receivable. d. in adjusting the accounts on December 31, the company estimated that 1.60% of accounts receivable will be uncollectible. 2017 e. Sold $1,589.800 of merchandise (that had cost $1.340.900) on credit, terms n/30. f. Wrote off $29,400 of uncollectible accounts receivable. ces g. Received $1.344.300 cash in payment of accounts receivable. h. In adjusting the accounts on December 31, the company estimated that 1.60% of accounts receivable will be uncollectible Reguired: Prepare journal entries to record Liang's 2016 and 2017 summarized transactions andits year-end djustments to record bad debts expense. (The company uses the perpetual inventory system and it applies the allowance method for its accounts receivable.) (Round your intermedlate calculations to the nearest dolier amount.) Complete this question by entering your answers in the tabs below