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Assume That General Mills Canada Famous For Cheerios Chex Snacks
Assume That General Mills Canada Famous For Cheerios Chex Snacks
Assume that General Mills Canada, famous for Cheerios, Chex snacks, and Yoplait yogurt,
completed the following selected transactions:
2016
2017
Mar. 1 Received a 90-day, 5%, $6,000 note from Louis Joli Goût on account.
Dec. 16 Loaned $25,000 cash to Betty Crocker Brands, receiving a 90-day, 8% note.
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 will report on its comparative classified balance sheet at December
Assume that General Mills Canada famous for Cheerios Chex snacks
ANSWER
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