Demonstrate the required adjusting entry needed to record a $1,000 note receivable collected by the bank by choosing the correct entry below. O Debit Cash $1,000 and credit Notes Receivable $1,000. O Debit Cash $1,000 and credit Accounts Receivable $1,000. O Debit Notes Receivable $1,000 and credit Cash $1,000. Debit Cash $1,000 and credit Notes Payable $1,000.