Use the Following Information for Questions

question 113

Multiple Choice

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.
-The entry made by Beckham Company on January 1 to record the proceeds and issuance of the note is

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Definitions:

Legal Segregation

The enforced separation of different racial groups in daily life, often codified by law, notably practiced in the U.S. through Jim Crow laws until the mid-20th century.

Railroad Cars

The wheeled vehicles used for the transport of goods or passengers on a railway track.

NAACP

The National Association for the Advancement of Colored People, a civil rights organization founded in 1909 to fight prejudice, lynching, and Jim Crow segregation.

Bull Moose

Refers to the Progressive Party of 1912 in the United States, symbolized by a bull moose, led by Theodore Roosevelt after a split in the Republican Party.