6 At year-end (December 31). Chan Company estimates its bad debts as 0.40% of its annual credit sales of $646,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $323 account of P. Park is uncollectible and writes it off as a bad debt On June 5. Park unexpectedly pays the amount previously written oft Prepare Chan's journal entries for the transactions 1.25 points View transaction list eBook Journal entry worksheet