51.A note that the maker is unable or refuses to pay at maturity is called a dishonored note. 52.A maker who dishonors a note is one who does not pay it at maturity. 53.The notes...

51.A note that the maker is unable or refuses to pay at maturity is called a dishonored note.

52.A maker who dishonors a note is one who does not pay it at maturity.

53.The notes receivable account of a business should include both the notes that haven't matured and the dishonored notes.

54.The practice of placing dishonored notes receivable into accounts receivable keeps only notes that have not matured in the Notes Receivable account.

55.The matching principle requires that accrued interest on outstanding notes receivable be recorded at the end of each accounting period.