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! Required information [ The following information applies to the questions displayed below. ] At year - end December 3 1 , Chan Company estimates
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The following information applies to the questions displayed below.
At yearend December Chan Company estimates its bad debts as of its annual credit sales of $ Chan records its bad debts expense for that estimate. On the following February Chan decides that the $ account of Park is uncollectible and writes it off as a bad debt. On June Park unexpectedly pays the amount previously written off.
Prepare Chan's journal entries to record the transactions of December February and June
Journal entry worksheet
:
Reinstated Park's previously written off account.
Note: Enter debits before credits.
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