If the maker of a note does not pay at maturity, . Group of answer choices the debtor no longer owes the payee interest revenue cannot be accrued on the note the note is no longer in force because it has expired the principal is recorded as a debit to the Accounts Receivable account

During the current year, bob's ceramics shop had sales revenue of $60,000, of which $25,000 was on credit. at the start of the current year, accounts receivable showed a $3,500 debit balance, and the allowance for doubtful accounts showed a $300 credit balance. collections of accounts receivable during the current year amounted to $18,000.