At year-end (December 31), Chan Company estimates its bad debts as 0.60% of its annual credit sales of $810,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $405 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 2 3 4 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 Prex 1 of 7 !!! Next > Saved Chap 10A 0 At year-end (December 31), Chan Company estimates its bad debts as 0.60% of its annual credit sal Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $405 acco 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 At year-end (December 31), Chan Company estimates its bad debts as 0.60% of its annual credit sales Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $405 accoul 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 year-end (December 31), Chan Company estimates its bad debts as 0.60% of its annual credit sal ad Debts Expense for that estimate. On the following February 1, Chan decides that the $405 accu vrites 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