18 Exercise 9-5 Percent of sales method; write-off LO P3 9.09 points At year-end (December 31), Chan Company estimates its bad debts as 0.20% of its annualcredit sales of S805000, Chan, records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $403 account of P. Park is uncollectible and writes it off as a bad debt. On June 5, Park unexpectedly pays the amount previously written off Skipped Prepare the journal entries for these transactions View transaction list eBook Hint 1 Record the estimated bad debts expense. Print 2 Wrote off P. Park's account as uncollectible. 3 Reinstated Park's previously written off account. 4 Record the cash received on account. Credit Note:journal entry has been entered Record entry Clear entry View general journal