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At year$-$end December $31,$ Chan Company estimates its bad debts as $0\mathrm{.}40\%$ of its annual credit sales of $$655,000.$ Chan

records its bad debts expense for that estimate. On the following February $1,$ Chan decides that the $$328$ 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 to record the transactions of December $31,$ February $1,$ and June $5.$

$1$ Record the estimated bad debts expense.

$2$ Wrote off P$.$ Park's account as uncollectible.

$3$ Reinstated Park's previously written off account.

$4$ Record the cash received on account.