mework Help Save &Exit Subm Check my work At year-end December 31). Chan Company estimates its bad debts as 0 40% of its annual credit sales of S757000 Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $379 account of P. Park is uncollectible and writes it off as a bad debt. On June 5, Park unexpectedly pays the amount previously written of Prepare the journal entries for these transactions Journal entry worksheet Record the estimated bad debts expense. Note: Enter debits before credits Dec 31 5 6 7 8 9