Are these correct?!?

At year-end (December 31), Chan Company estimates its bad debts as 0.30% of its annual credit sales of $898,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $449 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.

1. The petty cash fund of the Brooks Agency is established at $250. At the end of the current period, the fund contained $172 and had the following receipts: entertainment, $41; postage, $25; and printing, $12. Prepare journal entries to record (a) establishment of the fund and (b) reimbursement of the fund at the end of the current period.