At year-end (December 31). Chan Company estimates its bad debts as 0.80% of its annual credit sales of $919.000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $460 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. View transaction list Journal entry worksheet