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5 At year-end (December 31). Chan Company estimates its bad debts as 0.80% of its annual credit sales of $673,000. Chan records its Bad Debts

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5 At year-end (December 31). Chan Company estimates its bad debts as 0.80% of its annual credit sales of $673,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $337 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 Chan's journal entries for the transactions. ms 03:38:37 View transaction list Journal entry worksheet eBook > Hint Record the estimated bad debts expense. Print Note: Enter debits before credits References Date General Journal Bad debts expense Debit Dec 31 Credit 5,384 Record entry Clear entry View general Journal 5 At year-end (December 31). Chan Company estimates its bad debts as 0 80% of its annual credit sales of $673,000. Chan records its Bad Debts Expense for that estimate. On the following February 1. Chan decides that the $337 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 Chan's journal entries for the transactions. -2 ints 03:30:25 View transaction list BO Journal entry worksheet Wrote off P. Park's account as uncollectible. Note: Etter det before credits Date Feb 01 General Journal Debit Credit Recorder Clear entry View general Journal 5 At year-end (December 31. Chan Company estimates its bad debts as 0.80% of its annual credit sales of $673,000. Chan records its Bad Debts Expense for that estimate. On the following February 1. Chan decides that the $337 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 Chan's journal entries for the transactions. 3.10.12 View transaction list OOK Journal entry worksheet ie Reinstated Park's previously written off account. Note: Enter debits before credits Tences Date Jun 05 General Journal Daba Credit Record entry Clear entry View general Journal At year-end (December 31). Chan Company estimates its bad debts as 0.80% of its annual credit sales of $673,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $337 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 Chan's journal entries for the transactions View transaction list Journal entry worksheet 3 > Record the cash received on account. Note: Enter debts before credits Date Jun 05 Credit General Journal Cash Accounts receivable P.Park Debit 337 337 Record entry Clear entry View general Journal

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