Siste Unemployment Tares fsuTa) tax rate is 5.45. Both unemploynent taxes are applied to the first $7,000 of an employee's pay The amount of Federal income Tax withheid trom his earnings was Wutale Chaice 12.933.55 5). 53576 1isteg7 52000 Required information 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 saies of $912,000. Chan records its bad debts expense for that estimate. On the following February 1. Chan decides that the $456 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. 3 4 Record the estimated bad debts expense. Note: Enter debits befne credits. Journal entry worksheet 4 Wrote off P. Park's account as uncollectible. Note: Enter debits before credits Reinstated Park's previously written off account. Notes Enter debits before credits. Journal entry worksheet 1 2 Record the cash recelved on account. Note: Enter debits before credits