On 1 January,Ajax Company Accepted a One-Year Bill for $50,000

Multiple Choice

On 1 January,Ajax Company accepted a one-year bill for $50,000 at 5% from one of its customers.When the bill matured on 31 December,the customer was unable to pay and the company recorded the dishonour.The amount of the debit in the dishonour entry would be:

A) $50,000
B) $47,500
C) $2500
D) $52,500