First photo is data. Others are examples of the table format I need to fill in
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 a. Sold $1,353,300 of merchandise (that had cost $975,100) on credit, tems n/30. b. Wrote off $20,200 of uncollectible accounts receivable. c. Received $675,000 cash in payment of accounts receivable, d. In adjusting the accounts on December 31, the company estimated that 1.20% of accounts receivable would be uncollectible Year 2 e. Sold $1,500,500 of merchandise (that had cost $1,263,700) on credit, terms n/30. f. Wrote off $34,200 of uncollectible accounts receivable. g. Received $1,374,600 cash in payment of accounts receivable. h. In adjusting the accounts on December 31, the company estimated that 1.20% 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 to record 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.) JE Year 1 JE Year 2 Prepare journal entries to record Liang's Year 1 summarized transactions and its year-end adjustments to record bad debts expense. (The company uses the perpetual inventory system and it applies the allowance method for its accounts receivable.) View transaction list Journal entry worksheet 3 4 5 1 2 Sold $1,353, 300 of merchandise on credit, terms n/30. Note: Enter debit before credits General Journal Debit Credit Transaction a(1) Check my word JE Year 1 JE Year 2 Prepare journal entries to record Liang's Year 2 summarized transactions and its year-end adjustments to record bad debts expense. (The company uses the perpetual inventory system and it applies the allowance method for its accounts receivable.) View transaction list Journal entry worksheet