Orn December 31, 2014, the Landon Corporation estimated that 3% of its credit sales of $215,000 would be uncollectible. Landon used the allowance method of accounting for uncollectible accounts. On February 15, 2015, Landon wrote off the account of one of aas customers, in the amount of $2,500. On April 7, 2015, the customer paid the account in full. Which of the following answers correctly shows the effect of the December 31, 2014 adjusting entry for uncollectible accounts on the financial statements of the Landan Corporation? Equity NA Liab 6,450 (6,450) NA NA Rev. NA NA NA NA Cash Flow NA (6,450)OA 6,450 FA Exp NA Assets Net Inc. NA A) B) (6,450) 6,450 6,450 (6,450) +] %3D NA NA NA %3D C) D) 6,450 (6,450) (6,450) 6,450 6,450 (6,450) %3D %3D NA O A) Option A O B) Option B OC) Option C O D) Option D Save Question 20 (1 point) Which of the following answers correctly states the effect of Landon's write-off entry on February 15, 2015? Assets (2,500) NA NA 2,500 Linb NA NA 2,500 Equity (2,500) NA (2,500) 2,500 Expenies 2500 NA 2500 (2,500) Net Inc Cash (2.500) 2500OA NA NA 2500 OA Revenue A) NA B) C) D) NA NA NA NA (2,500) 2,500 %3D NA O A) Option A O B) Option B O C) Option C D) Option D Save Question 21 (1 point) Which of the following answers correctly states the effect of recording the collection of the reinstated receivable on April 7, 2015? Assets 2,500 NA G.500) NA Liabihties NA NA NA +Equity 2,500 NA Expensor NA NA -Net Inc 2,500 Cah 2,500 A 2.500 OA (2.500 OA NA Reverue 2,500 A) NA G500) 2,500 NA C.500) 2,500 2.500) 2.500 NA D) (2,500) NA O A) Option A O B) Option B O C) Option C O D) Option D