ezto.mhedu Question 4 (of value: 15.00 points Lopez Company began operations on January 1, 2014. 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 a. Sold $1,346,400 of merchandise (that had cost $981,600) on credit, terms n/30. b. Wrote off $20,100 of uncollectible accounts receivable c. Received $674,900 cash in payment of accounts receivable. d. In adjusting the accounts on December 31, the company estimated that 1-40% of accounts receivable 2014 2015 e. Sold $1,532.300 of merchandise (that had cost $1,345,400) on credit, terms n/30 . Wrote off $26,300 of uncollectible accounts receivable. g. Received $1,396,400 cash in payment of accounts receivable. h. In adjusting the accounts on December 31, the company estimated that 1.40% of accounts receivable will be uncollectible. Required: Prepare journal entries to record Lopez's 2014 and 2015 summarized transactions and its year-end adjustments to record bad debts expense. (The company uses the perpetual inventory system.) (Round your intermediate calculations and final answers to the nearest dollar amount. Omit the "$" sign in your response.) 2014 Journal Debit (Click to select) Click to select) (Click to select) (Click to select) b. (Click to select) Click to select) Click to select) (Click to select) d. (Click to select) (Cick to select)