The entry to record the dishonour of a note receivable, assuming the payee expects eventual collection, includes a debit to: accounts receivable. notes receivable. bad debt expense. allowance for doubtful accounts. The total interest expense on a 9-month, 4%, $2,500 note is: $75. $900. O $750. $100. Rocco Company performs an accounts receivable aging analysis each period to determine the estimated allowance for doubtful accounts. During the current year, Rocco determined that the allowance for doubtful accounts should be $11,250. Assuming an opening debit balance in the allowance for doubtful accounts of $950, what adjustment should be made to the allowance for doubtful accounts during the current year? No adjustment required. Credit for $12,200. Credit for $11,250. O Credit for $10,300. Promissory notes are often used: when individuals and companies lend or borrow money. when the amount or the credit period are longer than normal. O in settlement of accounts receivable. O all of the above