Llang 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 bod debts. These transactions are summarized as follows. (Hint: Create ledgers for AR and AFDA, post all entries to the ledgers to calculate the balance at year end, and use the 3-step process for Adjusting Entries to Adjust the AFDA account) Year 1 a. Sold $1,348.900 of merchandise on credit that had cost $979,400), tersn/30 b. Wrote off $20.900 of uncollectible accounts receivable. c. Received $669,400 cash in payment of accounts receivable. d. In adjusting the accounts on December 31, the company estimated that 1.50% of accounts receivable would be uncollectible. Year 2 e. Sold $1,506,000 of merchandise (that had cost $1,261,900) on credit, terms /30. f. Wrote off $32,400 of uncollectible accounts receivable. g-Received $1.300,500 cash in payment of accounts receivable. h. in adjusting the accounts on December 31, the company estimated that 1.50% 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)