At year-end (December 31. Chan Company estimates its bad debts as 0.30% of its annual credit sales of $936,000. Chan records its Bad Debts Expense for that estimate. On the following February 1. Chan decides that the $468 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 Chan's journal entries for the transactions. View transaction list Journal entry worksheet Cumpally estimates its bad debts as 0.30% of its annual credit sales of $9 Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $468 account of P. 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