Multiple Choice
When an interest-bearing note comes due and is uncollectible,the journal entry includes:
A) debiting Notes Receivable; crediting Accounts Receivable.
B) debiting Notes Receivable; crediting Accounts Receivable and Interest Revenue.
C) debiting Accounts Receivable and crediting Interest Revenue.
D) debiting Accounts Receivable and crediting Notes Receivable and Interest Revenue.
Correct Answer:

Verified
Correct Answer:
Verified
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