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At year end (December 31. Chan Company estimates its bad debts as 0 50% of...

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Accounting

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At year end (December 31. Chan Company estimates its bad debts as 0 50% of its annul e edit sales of $985 000 Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $493 account of P. Park is uncollectible and writes it off as a bad debt. On June 5, Park unexpectedly pays the amount previously wiritten off Prepare the journal entries for these transactions View transaction list Journal entry worksheet Record the estimated bad debts expense ote Enter debits before cred Pies 20,3 ll Next>

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