Llang Company began operations on January 1,2016. During its first two years, the company completed a number of transactions Involving sales on credi, accounts receivable collections, and bad debts. These transactions are summarized as follows 2016 Sold $1,345.800 of merchandise that had cost $975,300) on credit, terms n/30 b. Wrote off $20.200 of uncollectible accounts receivable. c. Received $674,300 cash in payment of accounts receivable d. In adjusting the accounts on December 31, the company estimated that 220% of accounts receivable wl be uncolectible. 2017 e. Sold $1.501,600 of merchandise (that had cost $1,276.600) on credit, terms n/30 t. Wrote off $25300 of uncollectible accounts receivable. g. Received $1,283100 cash in payment of accounts receivable h. In adjusting the accounts on December 31, the company estimated that 2.20% of accounts receivable will be uncolectible Prepare journal entries to record Liang's 2016 and 2017 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 doilar amount) Complete this question by entering your answers in the tabs below E 2016 Prepare j 2017 ournal entries to record iangs 2016 summarized transactions and its year-end adjustments to record bad debts company uses the perpetual inventory system and it applies the allowance method for its accounts receivable.) Journal entry worksheet Sold $1,345,800 of merchandise on credit, terms n/ 4