At year-end (December 31). Chan Company estimates its bad debts as 0.90% of its annual credit sales of $699,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $350 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 Chan's journal entries for the transactions. Journal entry worksheet Record the estimated bad debts expense. Note: Enter debits before credits Debit Credit Date Dec 31 General Journal Bad debts expense Allowance for doubtful accounts Record entry Clear entry View general journal View transaction list Journal entry worksheet Wrote off P. Park's account as uncollectible. Note: Enter debits before credits. Debit Credit Date Feb 01 General Journal Allowance for doubtful accounts Accounts receivablo P. Park Record entry Clear entry View general journal View transaction list Journal entry worksheet Ko @ 0 Reinstated Park's previously written off account. Note: Enter debits before credits. Debit Credit Date Jun 05 General Journal Accounts receivable-P.Park Allowance for doubtful accounts Record entry Clear entry View general journal View transaction list Journal entry worksheet