A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts:

Accounts receivable	$375,000 debit
Allowance for uncollectible accounts	500 debit
Net Sales	800,000 credit

All sales are made on credit. Based on past experience, the company estimates that 0.6% of credit sales are uncollectible.

What amount should be debited to Bad Debts Expense when the year-end adjusting entry is prepared?

What is the balance in the Allowance for uncollectible accounts after the year end adjusting entry?