Exercise 9-6 Percent of sales method; write-off LO P3 At year-end (December 31). Chan Company estimates its bad debts as 0.80% of its annual credit sales of $997000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $499 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 entiles for the transactions View transaction list 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