At year-end (December 31). Chan Company estimates its bad debts as 0.70% of its annual credit sales of $894,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $447 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 1 2 3 4 Record the estimated bad debts expense. Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Recordemy Clearly View general journal Proy 1 of 11 Next >