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Bright Bulbs Electric Company provides $ 6 , 0 0 0 worth of services to customers on account during the month. Experience suggests that about
Bright Bulbs Electric Company provides $ worth of services to customers on account during the month. Experience suggests that about of net credit sales will not be paid. To record the potential bad debts, the company should:
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debit bad debt expense $; credit the allowance for doubtful accounts $
debit accounts receivable $; credit the allowance for doubtful accounts $
debit the allowance for doubtful accounts $; credit bad debt expense $
debit bad debt expense $; credit accounts receivable $
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