ONTHW O 00 Exercise 7-6 Percent of sales method; write-off LO P3 0.62 Skippe At year and December 31 Chan Company estimates its bad debts Softsanul credit sales of $60,000 Chan records is Bad Debts Expense for that estimate on the following February Chan decides that the 5482 account of P.Park is uncollectible and writes of as a bad debt on June 5. Por unexpectedly pays the amount previously written oft Prepare Charts journal entries for the transactions Journal entry worksheet Record the estimated bad expense General Cred S 2 3 5 8 Q w E R T Y U O A s D F G H J L C V B N M command Command opion