On January 1,Ajax Corp

question 155

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