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I just need help for letter h on year 2 Year 2 e. Sold $1,556,700 of merchandise (that had cost $1,302.200) on credit terms n/30.

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Year 2 e. Sold $1,556,700 of merchandise (that had cost $1,302.200) on credit terms n/30. f. Wrote off $34,100 of uncollectible accounts receivable. g. Recelved $1,389.400 cash in payment of accounts receivable. h. In adjusting the accounts on December 31, the company estimated that 1.30% of accounts receivable would be uncollectible. JE Year 1 JE Year 2 Prepare journal entries to record Llang'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.) No General Journal Credit Transaction a(1) Debit 1,350,400 Accounts receivable Sales 0 1,350,400 0 983,300 Cost of good sold Merchandise inventory 983,300 18,500 Allowance for doubtful accounts Accounts receivable 18,500 670,400 Cash Accounts receivable 670,400 0 27.100 Bad debts expense Allowance for doubtful accounts 27,100 JE You 1 JE Year 2 > 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 expenses. The company uses the perpetual Inventory system and it applies the allowance method for its accounts receivable). No Transaction General Journal Credit Debit 1,556,700 Accounts receivable Sales 1,556,700 1,302,200 Cost of good sold Merchandise inventory 1,302 200 34,100 Allowance for doubtful accounts Accounts receivable 34,100 1,389,400 Cash Accounts receivable 1,389,400 17.331 X Bad debts expense Allowance for doubtful accounts 17.331

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