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 bad debt expense $120; credit accounts receivable $120. debit the allowance for doubtful accounts $120; credit bad debt expense $120. debit bad debt expense $120; credit the allowance for doubtful accounts $120