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Other Fields Homework Help Accounting Topic started by: H3Ko on Aug 29, 2016



Title: On January 1, Ajax Corp. accepted a one-year note for $55,000 at 7% from one of its customers. When ...
Post by: H3Ko on Aug 29, 2016
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) $55,000
B) $58,850
C) $3,850
D) $51,150


Title: Re: On January 1, Ajax Corp. accepted a one-year note for $55,000 at 7% from one of its customers. ...
Post by: Tanks on Aug 29, 2016
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Title: Re: On January 1, Ajax Corp. accepted a one-year note for $55,000 at 7% from one of its customers. When ...
Post by: H3Ko on Oct 12, 2016
YES! Can't believe I got this one right. Appreciate the confirmation


Title: Re: On January 1, Ajax Corp. accepted a one-year note for $55,000 at 7% from one of its customers. ...
Post by: AnimeGal on Nov 7, 2019
Thank you so much!


Title: Re: On January 1, Ajax Corp. accepted a one-year note for $55,000 at 7% from one of its customers. ...
Post by: yaygups on Apr 22, 2020
so helpful