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plz help with journal entry Required information Use the following information for the Exercises 10-11 below. (Algo) The following information applies to the questions displayed
plz help with journal entry
Required information Use the following information for the Exercises 10-11 below. (Algo) The following information applies to the questions displayed below) At year-end December 31, Chan Company estimates its bad debts as 0.30% of its annual credit sales of $918,000. Chan records its bad debts expense for that estimate on the following February 1, Chan decides that the $459 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 Exercise 9-10 (Algo) Percent of sales method; write-off LO P3 Prepare Chan's journal entries to record the transactions of December 31, February 1, and June 5, Exercise 9-10 (Algo) Percent of sales method; write-off LO P3 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. Note: Enter debits before credits General Journal Dobit Date December Credit 31 Record entry Clear entry View general journal Step by Step Solution
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