HW 5 # 7

Bueno Foods completed the following selected transactions. 1. (Click here to spe the transactions.) Read the requirements, Requirement 1. Reoord the transactions in Bueno Foods' joumal. Assume that no sales returns are expected. Round all amounts to the nearest doliar. Explana joumal entries.) Oct 31: Sold goods to Bob's Foods, receiving a $40,000, three-month, 6% note. (You do not need to make the cost of goods sold journal entry for this transactic journal, Assume that no soles retums are expected, Round ali amounts to the nearest dollar. Explanations are not required, (Rocord dobats firt, then credth. Exelube explanatinns from anr 1. three-month, 6% note. (You do not need to make the cost of goods sold journal entry for this transaction) Requirements 1. Record the transactions in Bueno Foods' journal. Assume that no sales returns are expected. Round all amounts to the nearest dollar. Explanations are not required. 2. Show what Bueno Foods will report on its comparative classified balance sheet at December 31, 2022, and December 31, 2021, for Notes Receivable and Interest Receivable. More info Requirement 1. Record the transactions in Bueno Foods' journal. Assume that no sales returns are expectec journal entries.) Oct 31: Sold goods to Bob's Foods, receiving a $40,000, three-month, 6% note. (You do not need to make th