At year-end (December 31). Chan Company estimates its bad debts as 100% of its annual credit sales of $623,000 Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $312 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 the journal entries for these transactions. View transaction list Journal entry worksheet Record the estimated bad debts expense Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 View transaction list Journal entry worksheet 2 4 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 gene Prey3 of 8 View transaction list Journal entry worksheet Reinstated Park's previously written off account Note: Enter debits before credits Date General Journal Debit Credit Jun 05 Record entry Clear entry View general journal Prey3 of 8 Next > DOLL work Saved View transaction list Journal entry worksheet 3 Record the cash received on account. Note: Enter debits before credits. Date General Journal Debit Credit Jun 05 Record entry Clear entry View general journa k Prex 3 of 8 Next Si A a DOLL