Business, 19.03.2020 23:29, tyanadashay99

During its first year of operations, Bay Area Auto Parts sold merchandise to customers for $320,000. Based on industry standards, the company decided to create allowance for doubtful accounts for 1% of sales revenue. The company collected $295,000 from customers who purchased inventory on account. During the year, the company wrote off $1,400 as uncollectible accounts. What is the balance of "Allowance for Doubtful Accounts" at the end of the year?

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During its first year of operations, Bay Area Auto Parts sold merchandise to customers for $320,000....