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Liang Company began operations in Year $1.$ 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.

Year $1$

a$.$ Sold $$1,350,600$ of merchandise on credit $($that had cost $$977,100),$ terms $\frac{n}{30}.$

b$.$ Wrote off $$18,000$ of uncollectible accounts receivable.

c$.$ Received $$671,300$ cash in payment of accounts receivable.

d$.$ In adjusting the accounts on December $31,$ the company estimated that $1\mathrm{.}70\%$ of accounts receivable would be uncollectible.

Year $2$

e$.$ Sold $$1,527,400$ of merchandise $($that had cost $$1,254,600)$ on credit, terms $\frac{n}{30}.$

f$.$ Wrote off $$29,800$ of uncollectible accounts receivable.

g$.$ Received $$1,165,400$ cash in payment of accounts receivable.

h$.$ In adjusting the accounts on December $31,$ the company estimated that $1\mathrm{.}70\%$ 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.

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