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Question 93

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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.
-Assuming that monthly accruals are not made, what adjusting entry is required if Beckham Company prepares financial statements on June 30?


A) 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. -Assuming that monthly accruals are not made, what adjusting entry is required if Beckham Company prepares financial statements on June 30? A) B) C) D)
B) 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. -Assuming that monthly accruals are not made, what adjusting entry is required if Beckham Company prepares financial statements on June 30? A) B) C) D)
C) 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. -Assuming that monthly accruals are not made, what adjusting entry is required if Beckham Company prepares financial statements on June 30? A) B) C) D)
D) 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. -Assuming that monthly accruals are not made, what adjusting entry is required if Beckham Company prepares financial statements on June 30? A) B) C) D)

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