At year-end (December 31), Chan Company estimates its bad debts as 070% of its annual credit sales of $657000 Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $329 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 Journal entry worksheet Record the estimated bad debts expense. Note: Enter debits before credits General Journal Debit Credit Dec 31