Year 1 Sold $1,350,700 of merchandise on credit (that had cost $977,800), terms n/30.

Wrote off $19,100 of uncollectible accounts receivable.

Received $666,100 cash in payment of accounts receivable.

In adjusting the accounts on December 31, the company estimated that 2.60% of accounts receivable would be uncollectible.

Year 2:

Sold $1,587,300 of merchandise (that had cost $1,313,400) on credit, terms n/30.

Wrote off $25,500 of uncollectible accounts receivable.

Received $1,153,900 cash in payment of accounts receivable.

In adjusting the accounts on December 31, the company estimated that 2.60% 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.

c is the correct answer.

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3

answer; societal marketing;

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