At year-end (December 31). Chan Company estimates its bad debts as 0.60% of its annual credit sales of $780,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $390 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 Chan's Journal entries for the transactions. Journal entry worksheet 1 2 2 3 4 > Record the estimated bad debts expense. Note: Enter debits before credits Date General Journal Dec 31 Debit Credit Record entry Clear entry View general Journal Journal entry worksheet Wrote 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