1. Priestly Inc. records sales on account of $120,000 during the month of June. The company uses a rate of 3% for estimating bad debt expense. a. Homework Unanswered Fill in the Blanks Type your answers in all of the blanks and submit X N- Prepare the journal entry for the bad debt expense recognition Debit account: Write your response here... Please type your answer to submit Credit account: Write your response here... Amount: Type your answer here There is 1 error to address before submitting