At year-end (December 31). Chan Company estimates its bad debts as 0.70% of its annual credit sales of $861.000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the 5431 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 3.40.45 Journal entry worksheet ce Record the estimated bad debts expense Notre histered General Journal Debit Credit Date Dec 31 At year-end (December 31), Chan Company estimates its bad debts as 0.70% of its annual credit sales of $861,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $431 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 03:40:18 Journal entry worksheet Relastated Park's previously written off account NoComer det before credits General Journal Debit Credit Date Jun 05 & 10 Saved At year-end (December 31). Chan Company estimates its bad debts as 0.70% of its annual credit sales of $861.000. Chan records its Bad Debts Expense for that estimate. On the following February Chan decides that the $431 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 the journal entries for these transactions View transaction list Journal entry worksheet