At its December 31 year-end, a company estimates its bad debts as 0.90% of its annual credit sales of $616,000. The company records its bad debts expense for that estimate. On the following June 1 , the company decides that the $308 account of a customer is uncollectible and writes it off as a bad debt, On July 21, the customer unexpectedly pays the amount previously written off. Prepare the company's journal entries to record the transactions of December 31 , June 1, and July 21. Journal entry worksheet 4 Record the estimated bad debts expense. Note: Enter detats betae vedes