09:46 You Just now F. Corbeil Food Product uses the periodic inventory system, completed the following selected transactions, 2020: III RIII-45% . Nov. 1 Dec; 10 Dec. 31 Dec. 31 sold goods to Sim's foods, receiving a $300 000, six-month, 5% note recorded MasterCard credit card sales of $30 000. MasterCard charges 4% fee. made an adjusting entry to record accrued interest on the Sim's note made an adjusting entry to record bad debt expense based on an aging of accounts receivable that indicates that $ 154 000 will not be collected. Previous credit balance of the allowance for doubtful accounts is $ 140 000 2021: May 1: June 23 July 23: Nov. 16 Dec. 5 Dec.31 collected the maturity value of the Sim's note sold merchandise to Fanzi's Food receiving a $18 000,30 days, 6% note Fanzi's Food failed to pay its note at maturity lent $ 25 000 to Micha Inc. receiving a 120 days, 8% note collected in full from Fanzi's Food recorded accrued interest on Micha's note REQUIRED: Record the transactions in the general journal. Include explanations. Omit the sales taxes Round your calculations to 2 decimals RP