At year-end (December 31), The Company estimates its bad debts as 0.30% of its annual credit sales of $802,000. The Company records its Bad Debts Expense for that estimate. On the following February 1, The Company decides that the $401 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 Company's journal entries for the transactions. View transaction list Journal entry worksheet Record the estimated bad debts expense. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal