Required information Use the following Information for the Exercises 9-10 below. (Algo) The following information applies to the questions cluyed below) Ayear end December 31, Chan Company estimates its bad citts 0.90% of its annual credit sales of $922,000 Chan records its tied Debts Fixpense for that estimate On the following February Chan decides that the $161 account of P. Park is uncollectible and wifes it off as a bad debt. On June 5, Park unexpectedly pays the amount previously written of Exercise 7-9 (Algo) Percent of sales method; write-off LO P3 Prepare Chiara journist entries to record the transaction of December 31, February 2and Jones At year-end December 31, Chan Company estimates Its bad debts as 0.90% of its annual credi records Its Bad Debts Expense for that estimate. On the following February 1, Chan decides th Park Is uncollectible and writes it off as a bad debt. On June 5, Park unexpectedly pays the am Exercise 7-9 (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 1 2 3 4 > Record the estimated bad debts expense. Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal View transaction list Journal entry worksheet Wrote off P. Park's account as uncollectible. Note: Enter debits before credits Date General Journal Debit Credit Feb 01 Record entry Clear entry View general Journal Journal entry worksheet