At year-end December 31, Chan Company estimates its bad debts as 0.20% of its annual credit sales of $613,000. Chan records its bad debts expense for that estimate. On the following February 1, Chan decides that the $307 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.

3:58 7 3.2 Chapter 7-... 4 1.66 points Skipped eBook Hint Ask Print References 5G 3.2 Chapter 7 - Homework Saved Help Save & Exit Submit Check my work Required information ournal entry worksheet 1 2 3 4 Record the estimated bad debts expense te: Enter debits before credits. Date General Journa December 31 Clear entry Record entry 3:58 7 3.2 Chapter 7-... 4 1.66 points Skipped eBook Hint Ask Print References all 5G 3.2 Chapter 7 - Homework Saved Help Save & Exit Submit Check my work Required information ournal entry worksheet 1 2 3 Wrote off P. Park's account as uncollectit te: Enter debits before credits. Date General Journ ebruary 01 Clear entry Record entry 3:58 7 3.2 Chapter 7-... 4 1.66 points Skipped eBook Hint Ask Print References all 5G 3.2 Chapter 7 - Homework Saved Help Save & Exit Submit Check my work Required information urnal entry worksheet 12 3 instated Park's previously written off acc Enter debits before credits. Date General Journal une 05 Record entry Clear entry 3:58 7 3.2 Chapter 7-... 41 1.66 points Skipped eBook Hint Ask Print References all 5G 3.2 Chapter 7 - Homework Saved Help Save & Exit Submit Check my work Required information Journal entry worksheet