At year-end (December 31. Chan Company estimates its bad debts as 0.70% of its annual credit sales of 5668,000. Chan records its Bad Debts Expense for that estimate on the following February 1, Chan decides that the $334 account of P Park is uncollectible and writes it off as a bad debt on June 5, Park unexpectedly pays the amount previously written of Prepare the journal entries for these transactions View transaction list Journal entry worksheet 1 2 3 4 > Record the estimated bad debts expense None Enter debits before credits Date General Journal Dec 31 Debit Credit Record entry Clear entry View general journal At year-end (December 31). Chan Company estimates its bad debts as 0.70% of its annual credit sales of $668,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $334 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 the journal entnes for these transactions View transaction list Journal entry worksheet 1 2 3 Wrote off P. Park's account as uncollectible. Note Enter debits before credits General Journal Debit Credit Date Feb 01 Record entry Clear entry View general journal At year-end (December 31). Chan Company estimates its bad debts as 0.70% of its annual credit sales of $668,000 Chan records its Bad Debts Expense for that estimate on the following February 1, Chan decides that the $334 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 the journal entries for these transactions View transaction list Journal entry worksheet 1 2 3 4 Reinstated Park's previously written off account. Notel Enter debits before credits Date General Journal Debit Credit Jun 05 Record entry Clear entry View general journal At year-end (December 31). Chan Company estimates its bad debts as 070% of its annual credit sales of $668,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $334 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 the journal entries for these transactions View transaction list Journal entry worksheet 1 2 3 Record the cash received on account. Note: Enter debits before credits. General Journal Debit Credit Date Jun 05 Record entry Clear entry View general journal