At year-end (December 31). Chan Company estimates its bad debts as 0.40% of its annual credit sales of $947,000Chan records its Bad Debts Expense for that estimate On the following February 1, Chan decides that the $474 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 Record entry Clear entry View general journal At year-end (December 31), Chan Company estimates its bad debts as Bad Debts Expense for that estimate. On the following February 1, Char writes it off as a bad debt. On June 5. Park unexpectedly pays the amo Prepare Chan's journal entries for the transactions. View transaction list EX: 1 Record the estimated bad debts expense. bad 12 Wrote off P. Park's account as uncollectible. 3 Reinstated Park's previously written off account. 4 Record the cash received on account. Note : = journal entry has been entered Record entry Clear entry