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at year end december 31 chan company 0.20 of its annua credit sales of $797,000. Chan records its bad debit expense for that estimate. On
at year end december 31 chan company 0.20 of its annua credit sales of $797,000. Chan records its bad debit expense for that estimate. On the following Feb 1, Chan decides that the $399 account of p.park is uncollectable and writes it off as a bad debt. On June 5 park unexpectedly pays the amount previously off. Q) prepare journal entries for these transactions.
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