March 1: Received a 90-day, 5%, $6,000 note from Louis Joli Gout on account. Journal Entry Date Accounts Debit Credit 2020 Mar. March 1: Sold the Louis note to Caisse Populaire, receiving cash of $5,900. (Debit the difference to financing expense. Journal Entry Date Accounts Debit Credit 2020 Mar. December 16: Loaned $25,000 cash to Betty Crocker Brands, receiving a 90-day, 8% note. Journal Entry Date Accounts Debit Credit 2020 Dec. 16 December 31: Accrued the interest on the Betty Crocker Brands note. (Round your final calculations to the nearest whole dollar.) Journal Entry Date Accounts Debit Credit 2020 Dec. 31Assume that General Mills Canada. famous for Cheerios. Chex snacks. and Yoplait yogurt, completed the following selected transactions: .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 Mills's will report on its comparative classied balance sheet at December 31, 2019, and December 31, 2020. E Requirement 1. Record the transactions in General Mills's journal. Round interest amounts to the nearest dollar. (Record debits first, then credits. Explanations are not required.) November 30. 2019: Sold goods to Sobeys lnc., receiving a $50,000. three-month. 5% note. Journal Entry December 31: Made an adjusting entry to accrue interest on the Sobeys note. (Round your final calculation to the nearest whole dollar.) Journal Entry February 28, 2020: Collected the Sobeys note. (Round your final calculations to the nearest whole dollar.) Journal Entry Requirement 2. Show what General Mills will report on its comparative classified balance sheet (related to these transactions) at December 31, 2019, and December 31, 2020. (Ignore the cash balance as the transactions provided are only selected transactions.) General Mills Canada Balance Sheet (Partial) December 31 2020 2019Transactions 2019 Nov. 30 Sold goods to Sobeys Inc., receiving a $50,000, three-month, 5% note. Dec. 31 Made an adjusting entry to accrue interest on the Sobeys note. 2020 Feb. 28 Collected the Sobeys note. Mar. 1 Received a 90-day, 5%, $6,000 note from Louis Joli Gout on account. 1 Sold the Louis note to Caisse Populaire, receiving cash of $5,900. Dec. 16 Loaned $25,000 cash to Betty Crocker Brands, receiving a 90-day, 8% note. 31 Accrued the interest on the Betty Crocker Brands