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please answer all the question 1-4 Chec Exercise 7-6 Percent of sales method; write-off LO P3 At year-end (December 31). Chan Company estimates its bad
please answer all the question 1-4
Chec Exercise 7-6 Percent of sales method; write-off LO P3 At year-end (December 31). Chan Company estimates its bad debts as 100% of its annual credit sales of $709,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $355 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 for the transactions View transaction list Journal entry worksheet 1 2 3 4 > Record the estimated bad debts expense. Note: Enter debits before credits General Journal Date Dec 31 Debit Credit dentro Violonal
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