Apple 10066245 Imported from it sions Bing B Booking.com > Google View Policies Show Attempt History Current Attempt in Progress Yahoo ences rations US 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 $1,104,000 for the year ended April 30,2021: sales discounts are $25.000. accounts receivable are $384.400; and the allowance for doubtful accounts has a credit balance of $7.440. Your answer is correct. 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 for the amounts.) Date Account Titles and Explanation Apr. 30 Bad Debt Expense Debit Credit 16185 Allowance for Doubtful Accounts (To record estimate of uncollectible accounts.) 16185 e Textbook and Media List of Accounts X Your answer is incorrect. JILAGODA A # 0 0 ENG 251 PM 2019-10-17 e_Fiem9 ON Other bookmark (To record estimate of uncollectible accounts.) 16185 eTextbook and Media List of Accounts X Your answer is incorrect. Calculate the carrying amount of accounts receivable on April 30, 2021. Carrying amount $ 1055375 e Textbook and Media List of Accounts Attempts: 1 of 3 used