Cullumber 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 $694,000 for the year ended April 30, 2021; sales discounts are $16,000; accounts receivable are $241,800; and the allowance for doubtful accounts has a credit balance of $4,680. 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 Ofor the amounts.) Debit Credit Date Account Titles and Explanation Apr. 30 (To record estimate of uncollectible accounts.) e Textbook and Media List of Accounts Calculate the carrying amount of accounts receivable on April 30, 2021. Carrying amount $