2. Problem 2 November 30, 20X1 December 31, 20X1 February 28, 20X2 March 1, 20X2 May 29, 20X2 December 16, 20X2 December 31, 20X2 Assume that General Mills Canada, famous for Cheerios. Chew snacks, and Yoplait yagut, completed the following selected transactions Read the requirements Sold goods to Sane Inc., receiving a $53,000, three-month, 5.5% note. Made an adjusting entry to accrue interest on the Sane note. Collected the Sane note. Received a 90-day, 6%, $6,500 note from Lan Joli Goût on account. Collected the maturity value of the note plus interest from Lan Joli Goût. Loaned $23,000 cash to Buxton Brands, receiving a 90-day, 8.25% note. Accrued the interest on the Buxton Brands note. Requirements. Record the transactions in General Mi's journal Round interest amounts to the nearest dollar November 30, 2001: Bold goods to Sane ine receiving a $55.000, month 5.5% note (Record debits first, then credits. Exclude explanations from juletries Account Tides Credit November 30, 2001 December 31, 2001: Made an adjusting entry to accrue interest on the Sane note Record debits first, then credits. Exclude explanations from journal entries. Round your answers to the nearest December 31, 201 February 20, 2002: Collected the Same note. (Record debit first, then credits. Exclude explanations from journal entries. Round your answers to the nearest whole dollar) Debit Acc/nMarch 1, 2002: Received a 90-day, 6%, $6,500 note from LanJoll Goût on account (Record debits first, then credits. Exclude explanations from journal entries.) Account Titles Debit Credit March 1, 20x2 May 29, 2002: Collected the maturity value of the note plus interest from Lan Joll Goût (Record debits first, then credits. Exclude explanations from journal entries. Round your answers to the nearest whole dollar) Account Tides Date May 29,20x2 December 16, 2002: Loaned $23,000 cash to Buxton Brands, receiving a 90-day 8.25% note. (Record debits first, then credits. Exclude explanations from journal entries.) Date Account Titles Debit Credi December 16, 202 Date December 31, 2012 December 31, 2002: Accrued the interest on the Budon Brands note. (Record debits first, then credits. Exclude explanations from journal entries. Round your answers to the nearest whole deler) Account Te Debirt General Mills Canada Balance Sheet (Para) As at December 31 2002 Problem ? Credit 210001 Debit Requirement 2. Show what General Mills will report on is comparative classified balance sheet related to those transactions) as of December 31, 2001, and December 31, 2002. Ignore the cash balance because the transactions provided are only selected transactions. (Round your answers to the nearest whole dollar) Credit

Fig: 1

Fig: 2