Liang Company began operations in Year 1 . During its first two years, the company completed a number of transactions involving sale on credit, accounts recelvable collections, and bad debts. These transactions are summarized as follows. Year 1 a. Sold $1,350,300 of merchandise (that had cost $976,900 ) on credit, terms n/30. b. Wrote off $18,700 of uncollectible accounts receivable. c. Received $671,500 cash in payment of accounts receivable. d. In adjusting the accounts on December 31 , the company estimated that 1.80% of accounts recelvable would be uncollectible. Year 2 e. Sold $1,575,100 of merchandise (that had cost $1,335,500 ) on credit, terms n/30. f. Wrote off $28,800 of uncollectible accounts receivable. 9. Received $1,335,900 cash in payment of accounts receivable. h. In adjusting the accounts on December 31 , the company estimated that 1.80% of accounts receivable would be uncollectible. Required: Prepare journal entries to record Liong'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 applles 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. Prepare journal entries to record Llang'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.) Journal entry worksheet Sold $1,575,100 of merchandise on credit, terms n/30. Note: Enter debits before credits