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On January 1, Wel company begins the accounting period with a $38,000 credit balance in Allowance for Doubtful Accounts 16 66 a. On February 1, the company determined that $8,400 in customer accounts was uncollectible, specifically, $1,700 for Oakley $6,700 for Brookes Co. Prepare the journal entry to write off those two accounts. b. On June 5, the company unexpectedly received a $1,700 payment on a customer account, Oakley Company that had previo been written off in part a Prepare the entries to reinstate the account and record the cash received View transaction list Journal entry worksheet On February 1, the company determined that $8,400 in customer accounts was uncollectible; specifically, $1,700 for Oakley Co. and $5,700 for Brookes Co. Prepare the journal entry to write off those two accounts At year-end (December 31), Chan Company estimates its bad debts as 0.50% of its annual credit sales of $750,000. Chan records its Bad Debts Expense for that estimate. On the following February 1. Chan decides that the $375 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 eBook View transaction list Journal entry worksheet Record the estimated bad debts expense