The antiferromagnetic $J_1-J_2$ model is a spin-1/2 chain with isotropic exchange $J_1 > 0$ between first neighbors and $J_2 = \alpha J_1$ between second neighbors. The model supports both gapless quantum phases with nondegenerate ground states and gapped phases with $\Delta(\alpha) > 0$ and doubly degenerate ground states. Exact thermodynamics is limited to $\alpha = 0$, the linear Heisenberg antiferromagnet (HAF). Exact diagonalization of small systems at frustration $\alpha$ followed by density matrix renormalization group (DMRG) calculations returns the entropy density $S(T,\alpha,N)$ and magnetic susceptibility $\chi(T,\alpha,N)$ of progressively larger systems up to $N = 96$ or 152 spins. Convergence to the thermodynamics limit, $S(T,\alpha)$ or $\chi(T,\alpha)$, is demonstrated down to $T/J \sim 0.01$ in the sectors $\alpha < 1$ and $\alpha > 1$. $S(T,\alpha)$ yields the critical points between gapless phases with $S^\prime(0,\alpha) > 0$ and gapped phases with $S^\prime(0,\alpha) = 0$. The $S^\prime(T,\alpha)$ maximum at $T^*(\alpha)$ is obtained directly in chains with large $\Delta(\alpha)$ and by extrapolation for small gaps. A phenomenological approximation for $S(T,\alpha)$ down to $T = 0$ indicates power-law deviations $T^{-\gamma(\alpha)}$ from $\exp(-\Delta(\alpha)/T)$ with exponent $\gamma(\alpha)$ that increases with $\alpha$. The $\chi(T,\alpha)$ analysis also yields power-law deviations, but with exponent $\eta(\alpha)$ that decreases with $\alpha$. $S(T,\alpha)$ and the spin density $\rho(T,\alpha) = 4T\chi(T,\alpha)$ probe the thermal and magnetic fluctuations, respectively, of strongly correlated spin states. Gapless chains have constant $S(T,\alpha)/\rho(T,\alpha)$ for $T < 0.10$. Remarkably, the ratio decreases (increases) with $T$ in chains with large (small) $\Delta(\alpha)$.
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