a company had the following

Help Save & Exit Submit At year-end (December 31). Chan Company estimates its bad debts as 0.5% of its annual credit sales of $975.000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $580 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 the journal entries for these transactions 80126:17 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 Dec 31 Credit