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please help, hurry please At year-end (December 31). Chan Company estimates its bad debts as 0.20% of its annual credit sales of $756,000. Chan records
please help, hurry please
At year-end (December 31). Chan Company estimates its bad debts as 0.20% of its annual credit sales of $756,000. Chan records its Bod Debts Expense for that estimate. On the following February 1, Chan decides that the $378 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 Chon's Journal entries for the transactions. View transactions Journal entry worksheet 2 3 > Record the estimated bad debts expense. Note: Enter debits before credits General Journal Debit Credit Date Dec 31 Record entry Clear entry View general Journal 3 of 8 BRE Journal entry worksheet Record the cash received on account. Note: Enter debits before credits. General Journal Date Jun 05 Debit Credit Record try Clear entry View general Journal Step by Step Solution
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