Use the Following Information for Questions
London Bank and Trust

Use the following information for questions
London Bank and Trust agrees to lend the Beckham Company £2,000,000 on January 1, 2010.Beckham Company signs a ₤2,000,000, 6%, 9-month note.
-What entry will Beckham Company make to pay off the note and interest at maturity assuming that no interest has been accrued since June 30 ?

A) $\begin{array} { l }\text { Notes Payable }&2,090,000 \\ \text {Cash }&&2,090,000 \\\end{array}$

B) $\begin{array} { l }\text { Notes Payable }& 2,000,000\\ \text {Interest Payable }& 90,000\\ \text { Cash}&&2,090,000 \\\end{array}$

C) $\begin{array} { l }\text {Interest Payable }&90,000\\ \text { Notes Payable }& 2,000,000\\ \text {Cash }&&2,090,000 \\\end{array}$

D) $\begin{array} { l }\text { Interest Payable}&60,000 \\ \text { Notes Payable }& 2,000,000\\ \text {Interest Expense. } &30,000\\ \text { Cash}&&2,090,000 \\\end{array}$