Lopez Company began operations on January 1, 2010, and it estimates uncollectible accounts using the allowance method. 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.

2010

a. Sold $1,349,700 of merchandise (that had cost $983,700) on credit, terms n/30.
b. Wrote off $18,300 of uncollectible accounts receivable.
c. Received $665,500 cash in payment of accounts receivable.
d. In adjusting the accounts on December 31, the company estimated that 1.70% of accounts receivable will be uncollectible.

2011

e. Sold $1,571,300 of merchandise (that had cost $1,317,500) on credit, terms n/30.
f. Wrote off $31,800 of uncollectible accounts receivable.
g. Received $1,307,700 cash in payment of accounts receivable.
h. In adjusting the accounts on December 31, the company estimated that 1.70% of accounts receivable will be uncollectible.

Required:

Prepare journal entries to record Lopez's 2010 and 2011 summarized transactions and its year-end adjustments to record bad debts expense. (The company uses the perpetual inventory system.) (Round your intermediate calculations and final answers to the nearest dollar amount. Omit the "$" sign in your response.)