At year-end (December 31), Chan Company estimates its bad debts as 0.80% of its annual credit sales of $765,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $383 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 View journal entry worksheet X Na Date General Journal Debit Credit 1 Dec 31 Bad debts expense Allowance for doubtful accounts 2 Feb 01 Allowance for doubtful accounts Accounts receivable-P. Park 3 Jun 05 Accounts receivable-P. Park Allowance for doubtful accounts 4 Jun 05 Cash Accounts receivable-P. Park