Only Part B Thanks

Prepare the adjusting entry to record bad debt expense in 2024. (Credit account titles are automatically indented when the amount is Carrying amount $ Crane 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 $734,000 for the year ended April 30,2024 , sales returns and allowances are $58,000; sales discounts are $15,000; accounts receivable are $235,600; and the allowance for doubtful accounts has a credit balance of $4,560