Compiete the followis asing schedule. Prepare the adjusting journal entry at December 31 to record bad debts exponse, assuming that the allowance account has in credit balance of $3,440 before adjustment. (List all debit entries before credit entries. Credit account titiles are ouromatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" far the account tities and enter o for the amounts.) Compiete the followis asing schedule. Prepare the adjusting journal entry at December 31 to record bad debts exponse, assuming that the allowance account has in credit balance of $3,440 before adjustment. (List all debit entries before credit entries. Credit account titiles are ouromatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" far the account tities and enter o for the amounts.)