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 $1,348,800 of merchandise (that had cost $980,100 ) on credit, terms n/30. b. Wrote off $18,600 of uncollectible accounts receivable. c. Recelved $667,200 cash in payment of accounts receivable. d. In adjusting the accounts on December 31 , the company estimated that 2.90% of accounts receivable would be uncollectible. Year 2 e. Sold $1,523,000 of merchandise (that had cost $1,306,300 ) on credit, terms n/30. 1. Wrote off $33,300 of uncollectible accounts recelvable. 9. Received $1,193,200 cash in payment of accounts receivable: h. In adjusting the accounts on December 31 , the company ertimated that 2.90% of accounts recelvable 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 ond it applies the allowance method for its accounts recelvable) (Round your intermediate calculations to the nearest dollar.) Complete this question by entering your answers in the tabs below