Multiple Choice
On January 1,Southwest Company accepted a one-year note for $60,000 at 8% 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) $55,200
B) $4800
C) $60,000
D) $64,800
Correct Answer:
Verified
Correct Answer:
Verified
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