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Requirement 1. Record the transactions in General Mills's journal. Round interest amounts to the nearest dollar. (Rec November 30,2019 . Sold goods to Souzan Inc,

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Requirement 1. Record the transactions in General Mills's journal. Round interest amounts to the nearest dollar. (Rec November 30,2019 . Sold goods to Souzan Inc, receiving a $32,000, three-month, 5% note March 1: Received a 90-day, 5.5%,$7,000 note from Lon's Joli Gout on account Requirement 2. Show what General Mils will report on its comparative classified balance sheet (related to these transact the transactions provided are only selected transactions.) Assume that General Mills Canada, famous for Cheerios, Chex snacks, and Yoplait yogurt, completed the following selected transactions i] (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 Mils's will report on its comparative classified balance sheet at Decernber 31, 2019, and December 31,2020 Transactions 2019 Nov 30 Sold goods to Souzan Inc, receiving a $32,000, three-month, 5% note. Dec. 31 Made an adjusting entry to accrue interest on the Souzan note. 2020 Feb. 28 Collected the Souzan note. Mar. 1 Received a 9 day, 5.5\%, \$7,000 note from Lon's Joli Got on account. 1 Sold the Lon's note to Caisse Populaire, receiving cash of $6,900. Dec. 16 Loaned $25,000 cash to Bt Thomas Provisions, receiving a 90 -day, 8.25% note. 31 Accrued the interest on the Bt Thomas Provisions note. March 1: Sold the Lon's note to Caisse Populaire, receiving cash of $6,900. (Debit the difference to financing December 16: Loaned $25,000 cash to Bt Thomas Provisions, receiving a 90-day, 8.25%

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