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The London Corporation estimated that 3% of its credit sales of $215,000 would be uncollectible. London used the allowance method of accounting for uncollectible accounts.

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The London Corporation estimated that 3% of its credit sales of $215,000 would be uncollectible. London used the allowance method of accounting for uncollectible accounts. On February 15, 2015, London wrote off the account of one of its customer, in the amount of $2,500. On April 7, 2015, the customer paid the account in full. Which of the following answers correctly states the effect of recording the collection of the reinstated receivable on April 7, 2015? Option A Option B Option C Option D

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