At year-end (December 31), Chan Company estimates its bad debts as 0.80% of its annual credit sales of $810.000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $405 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 Journal entry worksheet ( 1 2 3 4 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 Journal entry worksheet Wrote off P. Park's account as uncollectible. Note: Enter debits before credits. Date General Journal Debit Credit Feb 01 Record entry Clear entry View general journal Journal entry worksheet