Question 2: Force Company began operations on January 1, 2018. During its first two years, the company completed a number of transactions involving sales on credit, accounts receivable collections, and impairment loss. These transactions are summarized as follows 2018 a. Sold $1,352,200 of merchandise on account that had cost $980,900). b. Sales returns and allowances from credit sales $20,600 (cost 12,700). c. Received $672.900 cash as collection of accounts receivable. d. In adjusting the accounts on December 31, the company estimated that 1.80% of accounts receivable will be uncollectible. 2019 e. Sold $1,533,500 of merchandise on credit (that had cost $1,264,100). f. Sales returns and allowances from credit sales $33,000 (cost 13,500). g. Received $1,283,900 cash as collection of accounts receivable. h. In adjusting the accounts on December 31, the company estimated that 1.80% of accounts receivable will be uncollectible. Required: Prepare journal entries to record Force's 2018 and 2019 summarized transactions and its year-end adjustments to record impairment loss. No Transaction General Journal Debit Credit