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 and Balances

Account	Amount	Dr/Cr
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 0.6% of net credit sales to be uncollectible. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?