70) Notes receivable A) are included in a miscellaneous category called other receivables B) represent an oral promise to pay a fixed amount of principal plus interest on the maturity date C) are due within 12 months or within the normal operating cycle if the cydle is longer than a year are considered long-term assets D) are supported by a promissory note 71) Uptown, Inc. has determined that an account receivable of $125 is uncollectible. The company 2 uses the direct write-off method. Which of the following entries is required to record the write- off? A)Allowance for Bad Debts Accounts Receivable B) Accounts Receivable Bad Debts Expense Bad Debts Expense Accounts Receivable D) Cash 125 Accounts Receivable Customer G. Smith owed Stonehollow Electronics $425.On April 27, 2018, Stonehollow determined this account receivable to be uncollectible and wrote off the account. The company uses the direct write-off method. On July 15, 2018, Stonehollow received a check for $425 from 72) 3) the customer. How should the July 15, 2018 transaction be recorded? A) July 15 Accounts Receivable - G. Smith Bad Debt Expense 425 July 15 Cash B)July 15 Cash C July 15 Cash D) July 15 Accounts Receivable-G.Smith 425 Accounts Receivable - G. Smith 425 Bad Debt Expense 425 Accounts Receivable-G. Smith 425 Bad Debt Revenue 425 July 15 Cash Accounts Receivable -G. Smith 425