At year-end (December 31), Chan Company estimates its bad debts as 0.30% of its annual credit sales of $772,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $386 account of P Pork 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 lit Journal entry worksheet 1 2 3 4 Record the estimated bad debts expense Note: Enter debits before credits Date General Journal Debit Credit Dec 31