+ Chapter 8 Assignment Question 2 of 5 -/1 E Ques View Policies Current Attempt in Progress Questi Accounti Dropdow Blossom Co. uses the percentage of sales approach to record bad debt expense. It estimates that 1.5% of net credit sales will become uncollectible. Credit sales are $854,000 for the year ended April 30, 2021; sales discounts are $19,000; accounts receivable are $297,600; and the allowance for doubtful accounts has a credit balance of $5,760. Viewin Account Prepare the adjusting entry to record bad debt expense in 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Questi Accountir Dropdow Date Account Titles and Explanation Debit Credit Questi Accountir Apr. 30 1 Questi Accountir (To record estimate of uncollectible accounts.) e Textbook and Media List of Accounts 17 C W .. D: e Textbook and Media V List of Accounts A D Calculate the carrying amount of accounts receivable on April 30, 2021. a Ac Carrying amount $ Q AC e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer 17 W F6 &