Faith Corporation provides the following information regarding accounts receivable during 2022, its second year of operations. (Click the icon to view the information regarding accounts receivable.) The company performs an aging of accounts receivable in order to estimate its allowance for uncollectible accounts Faith uses the following estim (Click the icon to view the allowances provided.) (Click the icon to view the aged schedule of accounts receivable.) What is the journal entry to record the bad debt expense for 2022? What is the NRV of accounts receivable balance at the end of the year? More info Data table Fath's aged schedule of receivables is as follows: Customer Faith Corporation: Aged Schedule of Accounts Receivable Current 1-30 Days $270,000 $ 400.000 Waddel Brothers Wild Company S 270,000 Pentue Monroe, Inc. Mele Products 270,000 $ Total x Aging Category Current 1-30 days past due Percentage Estimated to Be Uncollectible gory 3% 5 many journal entries 31-60 days past due 17 61-90 days past due Over 60 days past due 30 Past Due 31-00 Days 61-00 Days Over 90 Days Totals Data table $ 730,000 270,000 Net credit sales during 2022 140,000 270,000 410,000 $330,000 $270,000 600.000 410,000 $730,000 $330,000 $270,000 $2,010,000 Print Done Print Done Accounts receivable at December 31, 2022 (end of the year) Allowance for uncollectible accounts (credit balance). December 31, 2022, unadjusted $6.531,000 $1.670.000 $ 130,000 Print Done