Gaga 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

Sold $1,347,000 of merchandise on credit (that had cost $976,500), terms n/30.

Wrote off $20,100 of uncollectible accounts receivable.

Received $666,000 cash in payment of accounts receivable.

In adjusting the accounts on December 31, the company estimated that 1.50% of accounts receivable would be uncollectible.

Year 2

Sold $1,544,900 of merchandise (that had cost $1,268,600) on credit, terms n/30.

Wrote off $28,100 of uncollectible accounts receivable.

Received $1,123,800 cash in payment of accounts receivable.

In adjusting the accounts on December 31, the company estimated that 1.50% of accounts receivable would be uncollectible.

Required: Prepare journal entries to record Liangs Year 1 and Year 2 summarized transactions and its year-end adjustments to record bad debts expense. (Note: The company uses the perpetual inventory system, and it applies the allowance method for its accounts receivable.) (Round your intermediate calculations to the nearest dollar.)