Required information Use the following information for the Exercises 9-10 below. (Algo) [The following information applies to the questions displayed below) At year-end December 31, Chan Company estimates its bad debts as 0 80% of its annual credit sales of $799.000 Chan records its Bad Debts Expense for that estimate. On the following February 1. Chan decides that the $400 account of Park is uncollectible and writes 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 Chan's Journal entries to record the transactions of December 31, February 1 and June 5 Record the estimated bad debts expense. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Bad debts expense ces Record entry Clear entry View general Journal 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 genera Prey 1 of 5 wa 1 2 3 Theme 4 Reinstated Park's previously written off account. Note: Enter debits before credits. Date General Journal Debit Credit Jun 05 Record entry Clear entry View gener