Show Attempt History Current Attempt in Progress Carla Vista 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 $1,076,000 for the year ended April 30, 2024, sales returns and allowances are $61,000: sales discounts are $23,000; accounts receivable are $353,400; and the allowance for doubtful accounts has a credit balance of $6.840.