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At year-end (December 31). Chan Company estimates its bad debts as 100% of its annual credit sales of $822,000. Chan records its Bad Debts Expense

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At year-end (December 31). Chan Company estimates its bad debts as 100% of its annual credit sales of $822,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $411 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 Park's previously written off account rences Note: Enter debits before credits Date General Journal Dobit Credit Jun 05 Record entry Clear entry View general journal At year-end (December 31). Chan Company estimates its bod debts as 100% of its annual credit sales of $822,000. Chan records its Bad Debts Expense for that estimate On the following February 1, Chan decides that the 5411 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 Chon's Journal entries for the transactions 2 int View transaction list 000 Journal entry worksheet

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