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If the amount due on a note receivable is not collected at maturity, a. Allowance for Doubtful Accounts should immediately be debited. the note is...

If the amount due on a note receivable is not collected at maturity,
a.
Allowance for Doubtful Accounts should immediately be debited.
b.
the note is said to be dishonored.
c.
the face value of the note should continue to be carried in the Notes Receivable account until all possible means of collecting the note have been exhausted.
d.
Uncollectible Accounts Expense should be debited.
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Accounting - 8229642.doc

If the amount due on a note receivable is not collected at maturity,
a .Allowance for Doubtful Accounts should immediately be debited.
b. the note is said to be dishonored.
c. the face value of the...

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