Which of the following is true of accounts receivable and notes receivable?

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Accounts receivable represent amounts due to a company and notes receivable represent amounts that have already been paid.

Accounts receivable are amounts a company expects to collect in cash and notes receivable are amounts a company expected to receive in shares.

Both accounts receivable and notes receivable represent claims that a company expects to receive in cash.

Accounts receivable are amounts due to a company and notes receivable are amounts owed by a company.