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Use the Following Information for Questions

Question 86

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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.
-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) 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) 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. -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) 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. -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) 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. -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) B) C) D)

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