d. She in Problem 8-6B Recording accounts receivable transactions and bad debt adjustments L01, 2, 3 CHECK FIGURES: d. Bad Debt Expense = $12,075; h. Bad Debt Expense = $12,834 Selzer Products Co. began operations on January 1, 2020, and completed a number of transactions during 2020 and 2021 that involved credit sales, accounts receivable collections, and bad debts. Assume a perpetual inven- tory system. These transactions are summarized as follows: 2020 a. Sold merchandise on credit for $1,640,000, terms n/30 (COGS = $1,070,000). b. Received cash of $1,175,000 in payment of outstanding accounts receivable. c. Wrote off uncollectible accounts receivable in the amount of $7,500. d. In adjusting the accounts on December 31, concluded that 1% of the outstanding accounts receivable would become uncollectible. Probl CHEC The fa 2020: 2021 e. Soid merchandise on credit for $1,876,000, terms n/30 (COGS = $1,224,000). f. Received cash of $1,444,000 in payment of outstanding accounts receivable. g. Wrote off uncollectible accounts receivable in the amount of $8,600. h. In adjusting the accounts on December 31, concluded that 1% of the outstanding accounts receivable would become uncollectible. Part Durin Octob accou Octob Required Prepare general journal entries to record Selzer's 2020 and 2021 summarized transactions and the adjusting entries to record bad debt expense at the end of each year. Requ