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Bright Bulbs Electric Company provides $6,000 worth of services to customers on account...

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Accounting

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Bright Bulbs Electric Company provides $6,000 worth of services to customers on account during the month. Experience suggests that about 2% of net credit sales will not be paid. To record the potential bad debts, the company should: Multiple Choice debit accounts receivable $120, credit the allowance for doubtful accounts $120. debit the allowance for doubtful accounts $120, credit bad debt expense $120. debit bad debt expense $120; credit accounts receivable $120. debit bad debt expense $120; credit the allowance for doubtful accounts $120

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