Question Help A & B Commercial Cleaning is a new business. During its first year of operations, credit sales were $44,000 and collections from credit sales were $36,000. One account for $700 was written off. Management uses the percent- of-sales method to account for bad debts expense and estimates 4% of credit sales to be uncollectible. What is the balance of Accounts Receivable at the end of the first year? O A. $7,300 O B. $6,240 O C. $5,540 O D. $8,000