At year-end (December 31). Chan Company estimates its bad debts as 0.90% of its annual credit sales of $689,000. Chan records its Bad Debts Expense for that estimate On the following February 1. Chan decides that the $345 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 2 Record the estimated bad debts expense, Wrote off P. Park's account as uncollectible. Reinstated Park's previously written off account. Record the cash received on account