The entry to record the collection of the amount due on the maturity date of a note includes a debit to Notes Receivable.

Name: The entry to record the collection of the amount due on the maturity date of a note includes a debit to Notes Receivable.
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The entry to record the collection of the amount due on the maturity date of a note includes a debit to Cash and a credit to Notes Receivable, as the note is being settled.

The Entry to Record the Collection of the Amount Due