A company reports the following amounts at the end of $2024($before adjustment$)$:

Record the adjusting entry for uncollectible accounts using the percentage$-$of$-$receivables method. The company estimates $6\%$ of receivables will not be collected. Round to the penny.

Record the adjusting entry for uncollectible accounts using the percentage$-$of$-$credit$-$sales method. The company estimates $1\%$ of credit sales will not be collected.