At year-end December 31 Chan Company estimates its bad debts as 0.60% of its annual credit sales of S69 000 Chan records ts 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 the journal entries for these transactions 10 points View transaction list 025255 Journal entry worksheet Record the estimated bad debts expense. Note: Enter debts before aredits General Journal Debit Credit Dec 31 Racond entry Clear entry View general jounal