At year-end (December 31), Chan Company estimates its bad debts as 0.20% of its annual credit sales of $716,000. records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $358 account o Park is uncollectible and writes it off as a bad debt. On June 5, Park unexpectedly pays the amount previously writte Prepare Chan's journal entries for the 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 Record entry Clear entry View general journal Reinstated Park's previously written off account. 1 2 3 4 Record the cash received on account. Note: Enter debits before credits