What is the distinguishing characteristic between accounts receivable and notes receivable? a. Notes receivable result from credit sale transactions for merchandising companies, while accounts receivable result from credit sale traction for service companiei b. Accounts receivable are usually current assets, while notes receivable are usually long-term assets. Oc Accounts receivable require payment of interest, while notes receivable do not have payment of interest Od. Notes receivable generally specify an interest rate and a maturity date at which any interest and principal must be repaid