JE Year 2 inf is missing

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 $1,353,700 of merchandise (that had cost $980,300) on credit, terms /30. b. Wrote off $18,500 of uncollectible accounts receivable. c. Received $671,000 cash in payment of accounts receivable. d. In adjusting the accounts on December 31, the company estimated that 120% of accounts receivable would be uncollectible. Year 2 e. Sold $1,596,800 of merchandise (that had cost $1,300,700) on credit, terms 1/30, f. Wrote off $25,600 of uncollectible accounts receivable g. Received $1,236,300 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) Complete this question by entering your answers in the tabs below. 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 (The company uses the perpetual inventory system and it applies the allowance method for its accounts receivable.) View transaction list Journal entry worksheet