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use these for the journal but change the name please At year-end (December 31), Chan Company estimates its bad debts as 0.90% of its annual
use these for the journal but change the name please
At year-end (December 31), Chan Company estimates its bad debts as 0.90% of its annual credit sales of $936,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $468 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. 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 Journal entry worksheet Wrote off P. Park's account as uncollectible. Note: Enter debits before credits. Date General Journal Debit Credit Feb 01 saction is Journal entry worksheet Reinstated Park's previously written off account. Note: Enter debits before credits. General Journal Debit Credit Date Jun 05 Journal entry worksheet Step by Step Solution
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