Liang Company began operations on January 1, 2016. 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. 2016 a. Sold $1,352,200 of merchandise (that had cost $984,400) on credit, terms n/30. b. Wrote off $19,400 of uncollectible accounts receivable. c. Received $667,700 cash in payment of accounts receivable d. In adjusting the accounts on December 31, the company estimated that 160% of accounts receivable will be uncollectible 2017 e.Sold $1,582,100 of merchandise (that had cost $1,315,100) on credit, terms n/30. f. Wrote off $28,400 of uncollectible accounts receivable. g. Received $1,196,400 cash in payment of accounts receivable. h, in adjusting the accounts on December 31, the company estimated that 1.60% of accounts receivable will be uncollectible. Required: . Prepare journal entries to record Liang's 2016 and 2017 sum marized transactions and its year-end adjustments ?o 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 amount.)