At year-end (December 31. Chan Company estimates its bad debts as 0 60% of its annual credit sales of $744,000. Chan records its Bad Debts Expense for that estimate On the following Februaryt. Chan decides that the $372 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 at X > Record the estimated bad debts expense. Wrote off R. Park's account as uncollectibles 3 Reinstated Park's previously written off account. 4 Record the cash received on account Credit