Use the following information for the Exercises $10-11$ below. $($Algo$)$

$[$The following information applies to the questions displayed below.$]$

At year$-$end December $31,$ Chan Company estimates its bad debts as $0\mathrm{.}50\%$ of its annual credit sales of $$852,000.$ Chan records its bad debts expense for that estimate. On the following February $1,$ Chan decides that the $$426$ 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.

Exercise $9-10($Algo$)$ Percent of sales method; write$-$off LO P$3$

Prepare Chan's journal entries to record the transactions of December $31,$ February $1,$ and June $5.$

$1$ Record the estimated bad debts expense.

$2$ Wrote off P$.$ Park's account as uncollectible.

$3$ Reinstated Park's previously written off account.

$4$ Record the cash received on account.

Note : $=$ journal entry has been entered