iang 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 $1,353,600 of merchandise on credit (that had cost $978,600 ), terms n/30. b. Wrote off $21,400 of uncollectible accounts receivable. c. Received $672,600 cash in payment of accounts recelvable. d. In adjusting the accounts on December 31 , the company estimated that 3.00% of accounts recelvable would be uncollectible. Year 2 e. Sold $1,504,500 of merchandise (that had cost $1,254,100 ) on credit, terms n/30. 1. Wrote off $32,600 of uncollectible accounts receivable. 9. Received $1,348,000 cash in payment of accounts receivable. h. In adjusting the occounts on December 31 , the company estimated that 3.00% of accounts receivable would be uncollectible. Required: Prepare journal entries to record Llang'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 recelvable) Note: Round your intermediate calculations to the nearest dollar. Complete this question by entering your answers in the tabs below. Prepare Journal entries to record Liangs Year 1 summarized transactions and its year-end adjustments to record bas debts erpente