Lopez Company began operations on January 1, 2010. 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. 2010 a. Sold $1,803,750 of merchandise (that had cost $1,475,000) on credit, terms n/30. b. Wrote off $20,300 of uncollectible accounts receivable. c. Received $789,200 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. 2011 e. Sold $1,825,700 of merchandise (that had cost $1,450,000) on credit, terms n/30. f. Wrote off $28,800 of uncollectible accounts receivable. g. Received $1,304,800 cash in payment of accounts receivable. h. In adjusting the accounts on December 31, the company estimated that 1.5% of accounts receivable will be uncollectible. Required: Prepare journal entries to record Lopez