During its first year of operations, a company has credit sales of $$600,000.$ By the end of the year, cash collections on credit sales total $$300,000.$ The company estimates $20\%$ of the accounts receivable outstanding at the end of the year to be uncollectible. The company's year$-$end adjusting entry for uncollectible accounts would be:

Debit Bad Debt Expense; Credit Allowance for Uncollectible Accounts for $$60,000.$

Debit Allowance for Uncollectible Accounts; Credit Accounts Receivable for $$60,000..$

Debit Bad Debt Expense; Credit Accounts Receivable for $$60,000.$

Debit Allowance for Uncollectible Accounts; Credit Bad Debt Expense for $$240,000.$