3 Exercise 96 Percent of sales method; write-off LO P3 At year-end December 31. Chan Company estimates is bad debts es 0,40% of its annu credit sales of $646.000 Chan records s Bed Debts Expense for the estimate on the following February 1. Chen decides that the $328 account of P.Park is uncollectible and whes it off as a bed det. On June 5, Parke narody pers the amount previously written of Prepare Charts journal entries for the transactions Vier transaction lit Journal entry worksheet 3 Record the estimated bad debts expense. Not Endstore credits General Journal Debit Credit Date Dec 31 Record entry Clear entry View general Journal 3 Exercise 96 Percent of sales method; write-off LO P3 At year-end December 31. Chan Company estimates is bad debts es 0,40% of its annu credit sales of $646.000 Chan records s Bed Debts Expense for the estimate on the following February 1. Chen decides that the $328 account of P.Park is uncollectible and whes it off as a bed det. On June 5, Parke narody pers the amount previously written of Prepare Charts journal entries for the transactions Vier transaction lit Journal entry worksheet 3 Record the estimated bad debts expense. Not Endstore credits General Journal Debit Credit Date Dec 31 Record entry Clear entry View general Journal