December 31, Year 1, the Loudoun Corporation estimated that 3% of its credit sales of $112,500 would be uncollectible. Loudoun uses the allowance me On thod of accounting for uncollectible accounts. In February of Year 2, f 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 the customer's account? states the effect of Loudoun Company's February Year 2 entry to write off AssetsLiab.Equity Expenses Net Inc. Cash Flow Rev A. NA NA + NA NA NA NA NA NA NA NA B. (1,e5e)NA (1,ese) (1,e5e) - (1,050) NA(1,e5e) NA c. (1,858) + NA NA NA = NA 1,ese(1,e5e) Multiple Choice Opton C Option B Option D Option A