Required Information [The following information applles to the questions displayed below.] At year-end December 31, Chan Company estimates its bad debts as 0.60% of Its annual credit sales of $915,000. Chan records its bad debts expense for that estimate. On the following February 1, Chan decides that the $458 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. Journal entry worksheet 4 Note: Enter debits before credits. Journal entry worksheet Wrote off P. Park's account as uncollectible. Note: Enter debits before credits. Journal entry worksheet Reinstated Park's previously written off account. Note: Enter debits before credits. Journal entry worksheet Record the cash received on account. Note: Enter debits before credits