When an Interest-Bearing Note Comes Due and Is Uncollectible,the Journal

question 23

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;crediting Interest Revenue.
• D)debiting Accounts Receivable;crediting Notes Receivable and Interest Revenue.