At year-end (December 31), Chan Company estimates its bad debts as 0.70% of its annual credit sales of $758,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $379 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 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