Lang Company began operations in Year 1 . During its first two years, the company completed a number of transactions involving sales on eredit, accounts recelvable collections, and bad debts. These transactions are summarized as follows. Year 1 a. Sold $1,354,400 of merchandise on credit (that had cost $980,800 ), terms n/30. b. Wrote off $18.600 of uncollectible accounts recelvable. c. R.sched $665,400 cash in payment of accounts recelvable. d. In edjusting the accoints an December 31 , the company estimated that 2.60% of accounts recelvable would be uncollectible. Year 2 e. Sold $1,514,500 of merchandise (that had cost $1,285,500 ) on credit, terms n/30. f. Wrote off $26.500 of uncollectible accounts recelvable. 9. Recelved $1,353,000 cash in payment of accounts receivable. h. in adjusting the accounts on December 31 , the company estimated that 2.60% 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 apples the allowance method for its accounts receivable) 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 Uang's Year 1 summarized transactions and its year-end adjustments to record bad debts expense. (The company uses the perpetual inwentory system, and it applies the allowance method for its accounts receivable.) Note: Round your intermediate calculations to the nearest dollar. Complete this question by entering your answers in the tabs below. Propse journal entries to record Lang'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 recelvable.) Journal entry worksheet 45 Sold $1,354,400 of merchandise on credit, terms N/30. Whei Enter debits before cresas