Your answer is partially correct. Prepare the adjusting journal entry to record bad debts expense at June 30 assuming that Marx's allowance for doubtful accounts had a credit balance of $14,030 before adjustment. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) Date Account Titles and Explanation Debit Credit June 30 Bad Debts Expense 14030 Allowance for Doubtful Accounts 14030