[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 $601,000 Chan records its bad debts expense for that estimate. On the following February 1, Chan decides that the $301 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 lim33 Journal entry worksheet Noter Enthr debits before crodits. Journal entry worksheet 12 Record the cash received on account. Note: Enter debits betore credits