8.9 Liang Company began operations in Year 1. During vs. Turst two years, the company completed a number of on credit, accounts receivable collections, and badders. There wanacions are made them Year 1 a. Sold $1,353,500 of merchandise on credit that had cost $984,500).terms/30 b. Wrote off $19,000 of uncollectible accounts recewable c. Received $668,000 cash in payment of accounts receivable, d. In adjusting the accounts on December 31, the company estimated that 190% of accounts receivable would be the Year 2 e. Sold $1,507,300 of merchandise (that had cost $1,310.200) on credo terms w30 f. Wrote off $33700 of uncollectible accounts receivable. g. Received $1179,500 cash in payment of accounts receivable h. In adjusting the accounts on December 31, the company estimated that 190% of accounts receivable would be unco Required: Prepare journal entries to record Llang's Year 1 and Year 2 summarized warsactions and its year-end adjustments to record bad expense. (The company uses the perpetual Inventory system, and I applies the allowance method for is accounts recor your Intermediate calculations to the nearest dollar. Complete this question by entering your answers in the tabs below. JE Year 1 JE Year 2 Prepare journal entries to record Lang's Year 2 summarized transactions and its year-end adjustments to record bad otse (The company uses the perpetual inventory system, and it applies the allowance method for its accounts receivable) View transaction list