A & B Commercial Cleaning is a new business. During its first year of operations, credit sales were $40,000 and collections fr $35,000. One account for $650 was written off. Management uses the percent-of-salep method to account for bad debts exp credit sales to be uncollectible. What is the balance of Accounts Receivable at the end of the first year? $3,550 $4,350 $5,000 $4,200 A & B Commercial Cleaning is a new business. During its first year of operations, credit sales were $40,000 and collections fr $35,000. One account for $650 was written off. Management uses the percent-of-salep method to account for bad debts exp credit sales to be uncollectible. What is the balance of Accounts Receivable at the end of the first year? $3,550 $4,350 $5,000 $4,200