Problem $8-6$A Recording accounts receivable transactions and bad debt adjustments LO$1,2,3$

Peru Industries began operations on January $1,2023.$ During the next two years, the company completed a number of transactions involving credit sales, accounts receivable collections, and bad debts $($assume a perpetual inventory system$).$ These transactions are summarized as follows:

$2023$

Sold merchandise on credit for $$2,240,000,$ terms n$/30($COGS $=$ $$1,239,000).$

Wrote off uncollectible accounts receivable in the amount of $$34,300.$

Received cash of $$1,343,000$ in payment of outstanding accounts receivable.

In adjusting the accounts on December $31,$ concluded that $1\mathrm{.}5\%$ of the outstanding accounts receivable would become uncollectible.

$2024$

Sold merchandise on credit for $$2,935,000,$ terms n$/30($COGS $=$ $$1,603,000).$

Wrote off uncollectible accounts receivable in the amount of $$53,300.$

Received cash of $$2,221,000$ in payment of outstanding accounts receivable.

In adjusting the accounts on December $31,$ concluded that $1\mathrm{.}5\%$ of the outstanding accounts receivable would become uncollectible.

Company uses the allowance method to account for uncollectible.

Required:

Prepare journal entries to record Peru$$s $2023$ and $2024$ summarized transactions and the adjusting entries to record bad debt expense at the end of each year. $($Round your intermediate calculations and final answers to nearest whole dollar.$)$

$2023$