Swiss Transportation is a new business During its first year of operations, credit sales were $58,000 and collections of credit sales were $53,000 One account for $350 was written off Management uses the percent-of-sales method to account for Bad Debts Expense and estimates 3% of credit sales to be uncollectible, Prepare the entry to record Bad Debts Expense Omit explanation (Record debits first, then credits. Exclude explanations from journal entries.) Accounts Debit Credit GUCETS