Multiple Choice
On January 1,Ajax Corp.accepted a one-year note for $70,000 at 6% from one of its customers.When the note matured on December 31,the customer was unable to pay,and the company recorded the dishonor.The amount of the debit recorded on December 31 is ________.
A) $65,800
B) $4,200
C) $70,000
D) $74,200
Correct Answer:
Verified
Correct Answer:
Verified
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