At year-end (December 31), Chan Company estimates its bad debts as 0.90% of its annual credit sales of $722,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $361 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. Prepare the journal entries for these transactions. View transaction list Journal entry worksheet Record the estimated bad debts expense. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Journal entry worksheet 1 2 3 4 Record the entry to write off P. Park's account as uncollectible. Note: Enter debits before credits. Date General Journal Debit Credit Feb 01 Record entry Clear entry View general journal Journal entry worksheet Record the cash received on account. Note: Enter debits before credits. Date General Journal Debit Credit Jun 05 Record entry Clear entry View general journal