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 $1,345,600 of merchandise (that had cost $979,400) on credit, terms n/30. b. Wrote off $19,300 of uncollectible accounts receivable. c. Received $667,500 cash in payment of accounts receivable. d. In adjusting the accounts on December 31, the company estimated that 1.10% of accounts receivable will be uncollectible. 2011 e. Sold $1,545,000 of merchandise (that had cost $1,259,800) on credit, terms n/30. f. Wrote off $32,800 of uncollectible accounts receivable. g. Received $1,171,400 cash in payment of accounts receivable. h. In adjusting the accounts on December 31, the company estimated that 1.10% of accounts receivable will be uncollectible. Required: Prepare journal entries to record Lopezs 2010 and 2011 summarized transactions and its year-end adjustments to record bad debts expense. (The company uses the perpetual inventory system.) (Round your intermediate calculations and final answers to the nearest dollar amount. Omit the "$" sign in your response.)