available until At year-end (December 31, Chan Company estimates its bad debts as 0.40% of its annual credit sales of $691,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $346 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. View transaction list Journal entry worksheet At year-end (December 31). Chan Company estimates its bad debts as 0.40% of its annual credit sales of $691,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $346 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. View transaction list Journal entry worksheet 2 4 Reinstated Park's previously written off account. Note: Enter debts before credits Date Jun 05 General Journal Debit Credit At year-end (December 31), Chan Company estimates its bad debts as 0.40% of its annual credit sales of $691,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $346 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 View transaction list Journal entry worksheet 2 3 Record the cash received on account. Note: Enter debits before credits Date Jun 05 General Journal Debit Credit