produc mework Saved Help Exercise 7-6 Percent of sales method; write-off LO P3 Alyem-end (December 31). Chan Comparty estimates its bad debts as 0.30% of its annual credit sales of $653.000 Chan records its Bad Debts Expense for that estimate. On the following February 1. Chan decides that the $327 account of P Park is uncollectible and writes it off as a bad debt On June 5. Park unexpectedly pays the amount previously Witten off Prepare Chan's journal entries for the transactions View transaction ist Journal entry worksheet Record the estimated bad debts expense, Entretien Date Docs General Journal Debit Credit es its bad debts as 0.30% of bts Expense for that estimate. On the following February 1, Chan decides off as a bad debt. On June 5, Park unexpectedly pays the amount previo e Chan's journal entries for the transactions. w transaction list ournal entry worksheet