Multiple Choice
On January 1,Ajax Company accepted a one-year note for $5,000 at 4% from one of its customers.When the note matured on December 31,the customer was unable to pay,and Ajax treated it as a dishonored note.How much interest revenue did Ajax record at December 31?
A) $0
B) $200
C) $800
D) $24
Correct Answer:
Verified
Correct Answer:
Verified
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