Using New Outlook on Windows for professional communication and productivity
Solution: In the old Office365 Outlook Desktop application, connect your Office365 Outlook account using automatic settings. Then, slowly move your email folders by dragging and dropping them under the Inbox of the newly created account. After this procedure completes, you will also see your old POP email Folders with their contents if you log into Outlook.com via browser, so that's pretty cool.
I have NOT tried to copy my old POP Inbox emails to the newly created account yet, but my Folders are copying over just fine. I see them now, see pic below.
I will try to move my old POP emails from my Inbox next. If they don't move/copy directly to the new Inbox, I will copy them into a folder and then drag and drop the folder.