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this is a 4 part question At year-end (December 31). Chan Company estimates its bad debts as 0.50% of its annual credit sales of $844.000

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this is a 4 part question

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At year-end (December 31). Chan Company estimates its bad debts as 0.50% of its annual credit sales of $844.000 Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $422 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 for the transactions View transaction list Journal entry worksheet 1 2. 3 4 Record the estimated bad debts expense. Note: Enter debits before credits General Journal Debit Credit Date Dec 31 At year end (December 31), Chan Company estimates its bad debts as 0.50% of its annual credit sales of $844,000 Chan records its Bad Debts Expense for that estimate On the following February 1, Chan decides that the $422 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 for the transactions 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 At year-end (December 31). Chan Company estimates its bad debts as 0.50% of its annual credit sales of $844,000. Chan records its Bad Debts Expense for that estimate On the following February 1, Chan decides that the $422 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 for the transactions View transaction list Journal entry worksheet 2 3 4 > Wrote off P. Park's account as uncollectible. Note: Enter debits before credits. Date General Journal Debit Credit Feb 01 At year-end (December 31). Chan Company estimates its bad debts as 0.50% of its annual credit sales of $844,000. Chan records its Bad Debts Expense for that estimate. On the following February 1. Chan decides that the $422 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 for the transactions. View transaction list Journal entry worksheet 2 3 4. > Reinstated Park's previously written off account. Note: Enter debits before credits Date General Journal Debit Credit Jun 05 At year-end (December 31). Chan Company estimates its bad debts as 0.50% of its annual credit sales of $844,000. Chan records its Bad Debts Expense for that estimate On the following February 1, Chan decides that the $422 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 for the transactions View transaction list Journal entry worksheet

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