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Assume that General Mills Canada, famous for Cheerios, Chex snacks, and Yoplait yogurt, completed the following selected transactions: (Click the icon to see the transactions.)

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Assume that General Mills Canada, famous for Cheerios, Chex snacks, and Yoplait yogurt, completed the following selected transactions: (Click the icon to see the transactions.) Requirements 1. Record the transactions in General Mills's journal. Round interest amounts to the nearest dollar. Explanations are not required. 2. Show what General Mills's will report on its comparative classified balance sheet at December 31, 2019, and December 31, 2020. Transactions 2019 Nov. 30 Sold goods to Salfon Inc., receiving a $30,000, three-month, 5.75% note. Dec. 31 Made an adjusting entry to accrue interest on the Salfon note. 2020 Feb. 28 Collected the Salfon note. Mar. 1 Received a 90-day, 8.25\%, \$7,800 tote from Lale Joli Got on account. 1 Sold the Lale note to Claire Bank, receiving cash of $7,700. Dec. 16 Loaned $15,400 cash to Btrathroy Provisions, receiving a 90 -day, 9.25% note. 31 Accrued the interest on the Btrathroy Provisions

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