At year-end December 31 , Chan Company estimates its bad debts as 0.80% of its annual credit sales of $987,000. Chan records its bad debts expense for that estimate. On the following February 1 , Chan decides that the $494 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. Record the estimated bad debts expense. Note: Enter debits before credits. Wrote off P. Park's account as uncollectible. Note: Enter debits before credits. Reinstated Park's previously written off account. Note: Enter debits before credits. Record the cash received on account. ote: Enter debits before credits