Liang Company began operations on January 1, 2017 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: 2017 o. Sold $1,345,434 of merchandise (that had cost $975.000) on credit, terms 1/30 b. Wrote off $18,300 of uncollectible accounts receivable c. Received $669,200 cash in payment of accounts receivable d. In adjusting the accounts on December 31, the company estimated that 1.5% of accounts receivable will be uncollectible 2018 e. Sold $1,525,634 of merchandise on credit (that had cost $1,250,000), terms n/30 f. Wrote off $27,800 of uncollectible accounts receivable g. Received $1,204,600 cash in payment of accounts receivable. h. In adjusting the accounts on December 31, the company estimated that 15% of accounts receivable will be uncollectible Required: Prepare journal entries to record Liang's 2017 and 2018 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 and final answers to the nearest whole dollar amount.)