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London Bank and Trust Agrees to Lend the Beckham Company

Question 97

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London Bank and Trust agrees to lend the Beckham Company £3,000,000 on January 1, 2014. Beckham Company signs a £3,000,000, 6%, 9-month note. The entry made by Beckham Company on January 1 to record the proceeds and issuance of the note is London Bank and Trust agrees to lend the Beckham Company £3,000,000 on January 1, 2014. Beckham Company signs a £3,000,000, 6%, 9-month note. The entry made by Beckham Company on January 1 to record the proceeds and issuance of the note is

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