What happens to the note receivable if Drew fails to pay on the due date? Sincerely Karen Smith Sales Manager | Blue Mountain Soda Factory The face value of the note plus any outstanding interest due is transferred back to his accounts receivable account The face value of the note plus any amount outstanding remains outstanding until the note is wnitten off The face value of the note plus any amount of outstanding interest is written off to the allowance for doubtful accounts The face value of the note plus any amount of outstanding interest is transferred to a loan receivable Respond