On December 31 Year I the You Owe Us Company estimated that 3% of its credit sales of $112,500 would be collectible. You Owe Us Company uses the percent of revenue allowance method. On February 15. Year 2 see of You Owe Us customers failed to pay his $1,050 account and the account was written off. On April 4, Year is customer and You Owe Os the $1.050. Which of the following is the correct entry to record the cash collection of the recovered account receivable on Accounts receive $1.050 $1.050 Unclectible counts one counts receivable $1.050 $1.050 Allowance for doubt accounts collections excense $1,050 $1.050 Cash Accounts receivable $1.050 $1.050