On december 31, year 1, the loudoun corporation estimated that 3% of its credit sales of $112,500 would be uncollectible. loudoun uses the allowance method of accounting for uncollectible accounts. in february of year 2, one of loudoun's customers failed to pay his $1,050 account and the account was written off. on april 4, year 2, this customer paid loudoun the $1,050. which of the following answers correctly states the effect of loudoun’s recording the reestablishment of the receivable on april 4, year 2? assets = liab. + equity rev. − expenses = net inc. cash flow a. na = 1,050 + (1,050 ) na − 1,050 = (1,050 ) na b. 1,050 = na + 1,050 1,050 − na = 1,050 1,050 oa c. (1,050 ) = na + (1,050 ) na − 1,050 = (1,050 ) na d. na = na + na na − na = na na