At year-end (December 31). Chan Company estimates its bad debts as 0.90% of its annual credit sales of $809,000. 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 Chan's journal entries for the transactions. View transaction list 1 Record the estimated bad debts expense. 2 Wrote off P. Park's account as uncollectible. 3 Reinstated Park's previously written off account. 4 Record the cash received on account