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I can't figure out the blank spaces. Rainey Enterprises loaned $20,000 to Small Co. on June 1, 2018, for one year at 6 percent interest.

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I can't figure out the blank spaces.

Rainey Enterprises loaned $20,000 to Small Co. on June 1, 2018, for one year at 6 percent interest. Required Show the effects of the following transactions in a horizontal statements. In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA). The letters NA indicate that an element is not affected by the event. (Do not round intermediate calculations. Enter any decreases to account balarices and cash outflows with a minus sig (1) The loan to Small Co (2) The adjusting entry at December 31, 2018 (3) The adjusting entry and collection of the note on June 1, 2019 RAINEY ENTERPRISES Horizontal Statements Model Assets Notes Equity Retained Income Statement Statement of Cash Flow Date Interest Cash a Receivable Receivable Earnings RevneExpense Net Income (20,000) + 20,000+ 0 (20,000) 700 500 2. 12/31/18 700 500 700 700 500 500 1,200 OA 020,000A 01 + (20,000) + Next >

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