When a firm writes off a bad debt under the allowance method of accounting for bad debts: O a. The carrying amount of accounts receivable will not change O b. The carrying amount of accounts receivable decreases O c. Total net current assets will decrease O d. The cash account will decrease The amount of cash collected at maturity on a $ 4,000 note is $ 4,200. If $ 120 of the interest has been accrued prior to maturity, the entry to record the honouring of the note at maturity should include a credit to Interest Revenue for $ 80. Select one: O True O False Receivables are classified as accounts receivable, notes receivable, or other receivables. Select one: O True O False