Accounts receivable are liabilities.

Notes receivable usually have longer collection terms than accounts receivable.

Accounts receivable are more liquid than cash.

Notes receivable are always classified as current assets.

credit to Accounts Receivable and a debit to Bad Debts Expense

debit to the Allowance for Bad Debts and a credit to Accounts Receivable

debit to Accounts Receivable and a credit to Cash

credit to Accounts Receivable and a debit to Interest Expense

It results in more accurate net income than any other method.

It is only suitable for small companies that have very few uncollectible receivables.

GAAP requires public companies to follow the direct​ write-off method.

It provides better matching of revenues with expenses.

the allowance method and the amortization method

the​ gross-up method and the direct​ write-off method

the direct​ write-off method and the​ percent-of-completion method

the​ aging-of-accounts-receivable method and the​ percent-of-sales method

​$500

​$505

​$1,225

$1,230

​$2,000

​$7,000

​$8,250

​$9,000

maker of the note

holder of the note

payee of the note

banker of the note