Oct. 31 Bad Debt Expense......................................................... | 2,760 — Lexton Company uses the allowance method account for uncollectible accounts receivable

Lexton Company uses the allowance method to account for uncollectible accounts receivable. At year-end, October 31, it was estimated that 0.6% of net credit sales were uncollectible based on past experience. Net sales were $690,000, of which 2/3 were on credit. Record the entry at year-end to estimate uncollectible receivables.