Problem 8.6A Recording accounts receivable transactions and bad debt adjustments LO1, 2, 3 Peru industries began operations on January 1,2023. During the next two years, the compuny completed a number of transactions involing credit sales, accounts receivable collections, and bad debts (assume a perpetual inventory system) These transactions are summarized as follows 2023 a. Sold merchandise on credit for $2,280,000, terms ri30 (COGS $1,258,000 ) b. Wrote off uncollectible accounts receivable in the amount of $34,600 c. Received cash of $1,354,000 in payment of outstanding accounts receivable: d. In acjusting the accounts on December 31 , concluded that 15% of the outstanding accounts recelvable would become uncollectible 2024 e. Sold merchandise on credit for $2,982,000, terms n/30 (COGS =$1,619,000) f. Wrote off uncollectible accounts receivable in the amount of $53,900 9. Recetved cash of $2,246,000 in payment of outstanding accounts receivable h. In adjusting the accounts on December 31 , concluded that 1.5% of the outstanding accounts receivable would becomie uncollectible. Company uses the allowance method to account for uncollectible. Required: Prepare journal entries to record Peruss 2023 and 2024 summanzed transactions and the adjusting entries to record bad debt oxpense at the end of each year (Round your intermediate calculations and final answers to nearest whole doliar.) 2023