s Liang Company began operations in Year $1.$ During its first two years, the company completed a number of transactions involving $1$ Sold $$1,346,900$ of merchandise on credit, terms n$/30.$

$2$ Record cost of goods sold, $$984,400.$

$3$ Wrote off $$18,100$ of uncollectible accounts receivable.

$4$ Received $$665,100$ cash in payment of accounts

receivable.

Credit

$5$ In adjusting the accounts on December $31,$ the company

estimated that $1\mathrm{.}50\%$ of accounts receivable would be

uncollectible.

Note : $=$ journal entry has been entered

sales on credit, accounts receivable collections, and bad debts. These transactions are summarized as follows.

Year $1$

a$.$ Sold $$1,346,900$ of merchandise on credit $($that had cost $$984,400),$ terms $\frac{n}{30}.$

b$.$ Wrote off $$18,100$ of uncollectible accounts receivable.

c$.$ Received $$665,100$ cash in payment of accounts receivable.

d$.$ In adjusting the accounts on December $31,$ the company estimated that $1\mathrm{.}50\%$ of accounts receivable would be uncollectible.

Year $2$

e$.$ Sold $$1,529,800$ of merchandise $($that had cost $$1,331,500)$ on credit, terms $\frac{n}{30}.$

f$.$ Wrote off $$29,400$ of uncollectible accounts receivable.

g$.$ Received $$1,378,400$ cash in payment of accounts receivable.

h$.$ In adjusting the accounts on December $31,$ the company estimated that $1\mathrm{.}50\%$ of accounts receivable would be uncollectible.

Required:

Prepare journal entries to record Liang's Year $1$ and Year $2$ summarized transactions and its year$-$end adjustments to record bad

debts expense. $($The company uses the perpetual inventory system, and it applies the allowance method for its accounts

receivable.$)$

Note: Round your intermediate calculations to the nearest dollar.