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Use the following information for the Exercises 1011 below. (Algo) [The following information applies to the questions disployed below] At year-end December 31, Chan Company estimates its bad debts as 1.00% of its annual credit sales of $974,000, Chan records its bad debts expense for that estimate. On the following February 1, Chan decides that the $487 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 7-10 (Algo) Percent of sales method; write-off LO P3 Prepare Chan's joumal entries to record the transactions of December 31, February 1, and June 5. Journal entry worksheet 4 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 1.00\% of its annual credit sales of $974,000. Chan records its bad debts expense for that estimate. On the following February 1, Chan decides that the $487 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 7-10 (Algo) Percent of sales method; write-off LO P3 Prepare Chan's journal entries to record the transactions of December 31, February 1, and June 5. Journal entry worksheet Wrote off P. Park's account as uncollectible. Note: Enter debits before credits: 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 1.00% of its annual credit sales of $974,000. Chan records its bad debts expense for that estimate. On the following February 1 , Chan decides that the $487 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 7-10 (Algo) Percent of sales method; write-off LO P3 Prepare Chan's journal entries to record the transactions of December 31 , February 1, and June 5 . Journal entry worksheet Reinstated Park's previously written off account. Note: Enter debits before credits. 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 1.00\% of its annual credit sales of \$974,000. Chan records its bad debts expense for that estimate. On the following February 1, Chan decides that the $487 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 7-10 (Algo) Percent of sales method; write-off LO P3 Prepare Chan's journal entries to record the transactions of December 31 , February 1 , and June 5 . Journal entry worksheet 12

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