Check my work 3. Romney Enterprises loaned $20,000 to Small Co, on June 1 Year 1, for one year at 6 percent interest Required Show the effects of the following transactions in a honuzontal statements. In the Cash Flow column, indicate whether the item is an operating activity (Olan investing activity (M) or a financing activity (FA) For any element not affected by the event, leave the cell blink (Not every cell will require entry. Do not round Intermedinte calculation. Enter any decreases to account balances and cash outflows with a minut sign) (1) The loan to Small Ca (2) The adjusting entry at December 31 Yeart (3) The adjusting entry and collection of the note on June 1 Year 2 RARY EXTERPRISES Social Model in La Income Statement Exp - Welcome Recall Retained Earning ve 2. 12/31 12 Acting ni 2 Collection of the