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Help with just A I have my answers already for the rest At year-end December 31, Chan Company estimates its bad debts as 0.60% of
Help with just "A" I have my answers already for the rest
At year-end December 31, Chan Company estimates its bad debts as 0.60% of its annual credit sales of $951,000. Chan records its bad debts expense for that estimate on the following February 1, Chan decides that the $476 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 to record the transactions of December 31, February 1, and June 5. View transaction list Journal entry worksheet > Record the estimated bad debts expense. NO Enterdits before General Souma Debit Credit December 31 Bad de expense Allow for our Acco View All Record entry Chery Ned> Step by Step Solution
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