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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. Complete this question by entering your answers in the tabs below. Prepare joumal entries to record Lang's Year 2 summarized transactions and its vear-end adjuhtments fo facord bad debts expense. (The company uses the perpetual inventory system, and it applies the allowance method for it: accounts receivabilt. Journal entry worksheet Record cost of goods sold, $1,279,200. Nete: Eater debits before cegits 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. Complete this question by entering your answers in the tabs below. Prepare journal entries to record Liang s Year 2 summarized transactions and its vear-end adjustments to record bad debts expense. (The company uses the perpotual inventory systern, and it applies the allowance roethed for its accounts recelvable.) Journal entry worksheet In adjusting the accounts on December 31 , the company estimated that 2.60% of accounts receivable would be uncolectible. 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. Complete this question by entering your answers in the tabs below. Journal entry worksheet In adjusting the accounts on December 32 , the compary eftumated that 2.60% of accounts receivable viould be uncollect ble. Required: Prepare journal entries to record Liang's Year 1 and Year 2 summarized transacti its year-end adjustments to record bad debts expense. (The company uses the inventory system, and it applies the allowance method for its accounts receivabl Note: Round your intermediate calculations to the nearest dollar. Complete this question by entering your answers in the tabs below. Prepare journal entries to record Liang's Year 1 summarized transactions and its Year-end adjustrnerits to reciord bad debts excp (The company uses the perpetual inventory system, and it applies the allowance method for its.accoents receivable.]) Journal entry worksheet 5 Kote: Enter debits Lerore creas: 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. Complete this question by entering your answers in the tabs below. Journal entry worksheet Wrote off $19,400 of uncollectible accounts rectivable. Required: Prepare journal entries to record Liang's Year 1 and Year 2 summarized transactions its year-end adjustments to record bad debts expense. (The company uses the perpe inventory system, and it applies the allowance method for its accounts receivable.) Note: Round your intermediate calculations to the nearest dollar. Complete this question by entering your answers in the tabs below. Prepare journal entries to record Liang's Year 2 summarized transactions and its Yearifend adjustuments to record bad debts expense. (The company uses the perpetual inventory system, and it applies the allowance method for its accounts receivable.) Journal entry worksheet Sold $1,592,700 of merchandise on credit, terms n/30. Note: Enter dubits betore credits. 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. Complete this question by entering your answers in the tabs below. Prepare journal entries to record Lang's Vear 2 summarized trapsactions and its voar-end adjustmepts to kecond bad debt ezpenoe. Journal entry worksheet a. Sold $1,350,800 of merchandise on credit (that had cost $984,200 ), terms n/30. b. Wrote off $19,400 of uncollectible accounts receivable c. Received $668,000 cash in payment of accounts receivable. d. In adjusting the accounts on December 31 , the company estimated that 2.60% of accounts receivable would be uncollectible. Year 2 e. Sold $1.592,700 of merchandise (that had cost $1,279,200 ) on credit, terms n/30. f. Wrote off $32,700 of uncollectible accounts receivable g. Received $1,376,900 cash in payment of accounts receivable. h. In adjusting the accounts on December 31 , the company estimated that 2.60% of accounts recelvable would be uncollectible. Required: Prepare journal entries to record Llang'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. Complete this question by entering vour answers in the tabs below. (The companr vies the perpetual imentery iystem, end it apolies the allowence methed for its accounts receivable.) Journal entry worksheet Sold 51.350 .800 of merchandise on credit, terms n/30. Required: repare journal entries to record Liang's Year 1 and Year 2 summarized transactions and ts year-end adjustments to record bad debts expense. (The company uses the perpetual nventory system, and it applies the allowance method for its accounts receivable.) Vote: Round your intermediate calculations to the nearest dollar. Complete this question by entering your answers in the tabs below. (The company uses the perpotual inventory system, and it applies the allowance method for ifs accounts reseivablo.) Journal entry worksheet Received \$1,376,900 cash in payment of sccounts recelvable. Prepare journal entries to record Liang's Year 1 and Year 2 summarized transact its year-end adjustments to record bad debts expense. (The company uses the inventory system, and it applies the allowance method for its accounts receivab Note: Round your intermediate calculations to the nearest dollar. Complete this question by entering your answers in the tabs below. Prepare journal entries to record Liang's Year 1 summarized transactions and its year-end adjustments to record bad debts (The company uses the perpetual inventory syatem, and it applies the allowance method for its accounts receivable.) Journal entry worksheet Note: Enter debils before credits