2. 400 points At year-end (December 31), Chan Company estimates its bad debts as 0.40% of its annual credit sales of $921,000. Chan records its Bad Debts Expense for that estimate. On the following February 1 . Chan decides that the $461 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 Prepare the journal entries for these transactions. View transaction list View journal entry worksheet No Date General Journal Debit Credit 1Dec 31 Bad debts expense Allowance for doubtful accounts 2Feb 01 Allowance for doubtful accounts Accounts receivable-P Park 3Jun 05Accounts receivable-P. Park Allowance for doubtful accounts 4Jun 05 Cash receivable -P. Park Hints References eBook & Resources Hint#1