Qinshan 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 $950,000 for the year ended April 30, 2021, sales returns and allowance are $60,000; sales discounts are $20,000; accounts receivable are $310,000; and the allowance for doubtful accounts has a credit balance of $6,000.

Determine the allowance and carrying amount and record bad debts using the percentage of sales approach.

Prepare the adjusting entry to record bad debt expense in 2021. Calculate the carrying amount of accounts receivable on April 30, 2021.