At year-end December 31, Chan Company estimates its bad debts as 1.00% of its annual credit sales of $657,000. Chan records its bad debts expense for that estimate. On the following February 1, Chan decides that the $329 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. pare Chan's journal entries to record the transactions of December 31, February 1, and June 5. Journal entry worksheet ivote: tnter aedits Derore crealts