At year-end (December 31). Chan Company estimates its bad debts as 0.90% of its annual credit sales of $785,000. Chan records its Bad Debts Expense for that estimate on the following February 1, Chan decides that the $393 account of P Park is uncollectible and writes it off as a bad debt. On June 5, Park unexpectedly pays the amount previously written oft Prepare Chan's journal entries for the transactions. View transaction list Journal entry worksheet 5 1 2 3 4 > Record the estimated bad debts expense. Notes Enter debts before credits General Journal Date Dec 31 Debit ' Credit Record entry Clear View general