On January 1,Ajax Corp.accepted a one-year note for $55,000 at 7% 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) $51,150
B) $3,850
C) $55,000
D) $58,850
Correct Answer:
Verified
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