Help Save & Ex At year-end (December 31). Chan Company estimates its bad debts as 0.50% of its annual credit sales of $825,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $413 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 journal entries for these transactions View transaction list Journal entry worksheet N Wrote off P. Park's account as uncollectible. Note: Enter debits before credits. Date General Journal Debit Credit Feb 01 Reinstated Park's previously written off account. Note: Enter debits before credits. Date General Journal Debit Credit Jun 05 At year-end (December 31), Chan Company estimates its bad debts as 0.50% of its an Bad Debts Expense for that estimate. On the following February 1, Chan decides that writes it off as a bad debt. On June 5, Park unexpectedly pays the amount previously Prepare the journal entries for these transactions. View transaction list Journal entry worksheet