all of the journal entries please.

journal 2

Liang Company began operations in Year 1. During its first two years, the company completed a number of transactions involving sales on credit, accounts receivable collections, and bad debts. These transactions are summarized as follows. Year 1 Skod a. Sold $1,354 400 of merchandise (that had cost $978.400) on credit, terms n/30 b. Wrote off $21,600 of uncollectible accounts receivable c. Received $672,700 cash in payment of accounts receivable d. In adjusting the accounts on December 31, the company estimated that 1.50% of accounts receivable would be uncollectible, Year 2 e. Sold $1,528,900 of merchandise (that had cost $1.313,800) on credit, terms n/30 1. Wrote off $20,300 of uncollectible accounts receivable 9. Received $1348,000 cash in payment of accounts receivable h. In adjusting the accounts on December 31, the company estimated that 150% of accounts receivable would be uncollectible Required: Prepare journal entries to record Liang's Year 1 and Year 2 summarized transactions and its year-end adjustments on cord bad debts expense (The company uses the perpetual inventory system and it applies the allowance method for its accounts receivable.) (Round your intermediate calculations to the nearest dollar.) Complete this question by entering your answers in the tabs below. JE Year 1 JE Year 2 ped Prepare journal entries to record Liang's Year 1 summarized transactions and its year-end adjustments to record had debts expense. (The company uses the perpetual inventory system and it applies the allowance method for its accoun rece book View transaction list Journal entry worksheet 2 4 5 Wrote off $28,300 of uncollectible accounts receivable. Note: Enter debits before credits. Debit General Journal wansaction Credit f. Record entry Clear entry View general journal