Outerbanks, Inc., uses the allowance method to account for uncollectible accounts. On December 31, 2012, Allowance for Uncollectible Accounts has a $1,300 credit balance. Journalize the year-end adjusting entry for uncollectible accounts assuming the following independent scenarios:

1. Outerbanks, Inc., estimates uncollectible accounts as 3⁄4 of 1% of net credit sales. Net credit sales for the year equal $800,000.

2. Based on an aging of Accounts Receivable, Outerbanks, Inc. estimates that uncollectible accounts will equal $2,650.