At year-end (December 31). Chan Company estimates its bad debts as 0.90% of its annual credit sales of $662,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $321 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 At year-end (December 31). Chan Company estimates its bad debts as 0.90% of its annual credit sales of $662,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $331 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 2 4. Reinstated Park's previously written off account NoteEnter debut before credits Date Jun 05 General Journal Dobit Credit Record entry Clear entry View general Journal 31). Chan Company estimates its bad debts as 0.90% of its annual credit sales o Bad Debts Expense for that estimate. On the following February 1. Chan decides that the $331 account 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 41 > Record the cash received on account. Note: Enter debits before credits General Journal Date Jun 05 Debit Credit Record entry Clear entry View general journal