Exercise 9-6 Percent of sales method; write-off LO P3 At year-end (December 31). Chan Company estimates its bad debts as 0.50% of its annual credit sales of $613,000. Chan records its Bad Debts Expense for that estimate on the following February 1 Chan decides that the $307 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 nces Journal entry worksheet edly pays the amount previously wr Prepare Chan's journal entries for the transactions. View transaction list Journal entry worksheet