Yummy Foods completed the following selected transactions.

Requirements

1. Record the transactions in Yummy Foods' journal. Round interest amounts to the nearest dollar. Explanations are not required.

2. Show what Yummy Foods will report on its comparative classified balance sheet at December 31, 2013, and December 31,2012.

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2012 Oct 31 Dec 31 2013 Jan 31 Feb 18 Sold goods to Bob's Foods, receiving a $36,000, three-month, 6% note. Made an adjusting entry to accrue interest on the Bob's Foods note. Collected the Bob's Foods note. Received a 90-day, 7.75%, $6,800 note from Dutton Market on account. Sold the Dutton Market note to Chelmsford Bank, receiving cash of S6,600. (Debit the difference to financing expense.) Lent $15,400 cash to Sauble Provisions, receiving a 90-day, 9.75% note. Accrued the interest on the Sauble Provisions note. 19 Nov 11 Dec 31