Sold $1,346,700 of merchandise on credit (that had cost $975,400), terms n/30.
Wrote off $19,100 of uncollectible accounts receivable.
Received $674,900 cash in payment of accounts receivable.
In adjusting the accounts on December 31, the company estimated that 1.00% of accounts receivable would be uncollectible.
Year 2

Sold $1,532,200 of merchandise (that had cost $1,284,300) on credit, terms n/30.
Wrote off $25,800 of uncollectible accounts receivable.
Received $1,151,200 cash in payment of accounts receivable.
In adjusting the accounts on December 31, the company estimated that 1.00% of accounts receivable would be uncollectible.