At its December 31 year-end, a company estimates its bad debts as 0.30% of its annual credit sales of $787,000. The company records its bad debts expense for that estimate. On the following June 1, the company decides that the $394 account of a customer is uncollectible and writes it off as a bod debt. On July 21, the customer unexpectedly pays the amount previously written off. Prepare the company's joumal entries to record the transactions of December 31, June 1, and July 21. Journal entry worksheet Journal entry worksheet Record write off of customer's account as uncollectible. Note: Enter debits before credits. Journal entry worksheet Reinstated customer's previously written off account. Note: Enter debits before credits. Journal entry worksheet Record the cash received on account. Note: Enter debits before credits