Question: Easy Nutrition completed the following selected transactions: Requirements 1. Record the transactions in Easy Nutritions journal. Round all amounts to the nearest dollar. Explanations are

Easy Nutrition completed the following selected transactions:

Requirements
1. Record the transactions in Easy Nutrition€™s journal. Round all amounts to the nearest dollar. Explanations are not required.
2. Show what Easy Nutrition will report on its comparative classified balance sheet at December 31, 2013, and December 31,2012.

2012 Oct 31 Dec 31 2013 Jan 31 Feb 18 Sold goods to Basic Foods, receiving a $38,000, three-month, 5.00% note. Made an adjusting entry to accrue interest on the Basic Foods note. Collected the Basic Foods note. Received a 90-day, 8.50%, $7,400 note from Daphne's Market on account. Sold the Daphne's Market note to GlenCove Bank, receiving cash of $7,200. (Debit the difference to financing expense.) Lent $15,800 cash to Sincere Provisions, receiving a 90-day, 9.00% note. Accrued the interest on the Sincere Provisions note. 19 Nov 11 Dec 31

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