At year-end (December 31). Chan Company estimates its bad debts as 080% of its annual credit sales or $922,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $461 account of P. Park is uncollectible and wrnites 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 Record the estimated bad debts expense. Note: Enter debits before credits General Journal Debit Credit Dec 31 Record entry Clear entry View general joumal