Question: What is the journal entry to create a Note Receivable from a previous Accounts Receivable? When a Note Receivable is paid off, what amount is

What is the journal entry to create a Note Receivable from a previous Accounts Receivable? When a Note Receivable is paid off, what amount is debited to Cash? (Hint: it's a Vocab word.) If a Note Receivable fails to be paid off by the due date, what is the note considered and what is the three line journal entry needed? What is the formula for the Accounts Receivable Turnover

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