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 $1,347,000 of merchandise (that had cost $983,500) on credit, terms n/30. b. Wrote off $20,200 of uncollectible accounts receivable. c. Received $665,900 cash in payment of accounts receivable. d. In adjusting the accounts on December 31, the company estimated that 2.40% of accounts receivable would be uncollectible. Year 2 e. Sold $1,506,100 of merchandise (that had cost $1,310,500) on credit, terms n/30. f. Wrote off $31,100 of uncollectible accounts receivable. g. Received $1,222,700 cash in payment of accounts receivable. h. In adjusting the accounts on December 31, the company estimated that 2.40% 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