Problem $9-4$A $($Algo$)$ Accounts receivable transactions and bad debts adjustments LO C$1,$ P$2,$ P$3$

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.

I have gotten everything but the very last answer. please help.

Year $1$

a$.$ Sold $$1,353,900$$$975,600($n$)/(30).$

b$.$ Wrote off $$19,100$ of uncollectible accounts receivable.

c$.$ Received $$673,900$ cash in payment of accounts receivable.

d$.$ In adjusting the accounts on December $31,$ the company estimated that $1\mathrm{.}60\%$ of accounts receivable would be uncollectible.

Year $2$

e$.$ Sold $$1,533,400$$$1,252,000($n$)/(30).$

f$.$ Wrote off $$31,000$ of uncollectible accounts receivable.

g$.$ Received $$1,388,300$ cash in payment of accounts receivable.

h$.$ In adjusting the accounts on December $31,$ the company estimated that $1\mathrm{.}60\%$ 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.

Answer is complete but not entirely correct.

Complete this question by entering your answers in the tabs below.

Journal Entry

Journal Entry

Year $1$

Year $2$

Prepare journal entries to record Liang's Year $1$ 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.$)$

Answer is complete but not entirely correct.

Complete this question by entering your answers in the tabs below.

Journal Entry

Journal Entry

Year $1$

Year $2$

Prepare journal entries to record Liang's 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.$)$