Learnt Chapter 7 Course News-2020-1 Spri Chapter 7 Homework Orades - 20701 Spring Homewhep Chapter 7 Homework Assignment Help Save & Exit Submit Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question ley Enterprises loaned $25,000 to Small Co. on June 1 Year 1, for one year at 7 percent interest uired w the effects of the following transactions in a horizontal statements. In the Statement of Cash Flows column, indicate whether the is an operating activity (OA), an investing activity (1A), or a financing activity (FA) (Do not round Intermediate calculations. Enter decreases to account balances and cash outflows with a minus sign. Not all cells in the Statement of Cash Flows column reguire an input leave cells blank if there is no corresponding input needed.) (1) The loan to Small Co. (2) The adjustment at December 31, Year 1. (3) The adjustment and collection of the note on June 1 Year 2 Answer is not complete. RAINEY ENTERPRISES Horizontal Statements Model Equity Retained Revenue Earnings Income Statement Statement of Cash Flow Cash Receivable 25,000 25,000) (25,000) 1/Year 12/31 1021 1021 1021 1.021 7297 29 729 Year 2 B/1/Year 2 6/1/Year 2 729 1021 2 5.000 (1021) 729 IOA 1021 OA 25.000 Learnt Chapter 7 Course News-2020-1 Spri Chapter 7 Homework Orades - 20701 Spring Homewhep Chapter 7 Homework Assignment Help Save & Exit Submit Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question ley Enterprises loaned $25,000 to Small Co. on June 1 Year 1, for one year at 7 percent interest uired w the effects of the following transactions in a horizontal statements. In the Statement of Cash Flows column, indicate whether the is an operating activity (OA), an investing activity (1A), or a financing activity (FA) (Do not round Intermediate calculations. Enter decreases to account balances and cash outflows with a minus sign. Not all cells in the Statement of Cash Flows column reguire an input leave cells blank if there is no corresponding input needed.) (1) The loan to Small Co. (2) The adjustment at December 31, Year 1. (3) The adjustment and collection of the note on June 1 Year 2 Answer is not complete. RAINEY ENTERPRISES Horizontal Statements Model Equity Retained Revenue Earnings Income Statement Statement of Cash Flow Cash Receivable 25,000 25,000) (25,000) 1/Year 12/31 1021 1021 1021 1.021 7297 29 729 Year 2 B/1/Year 2 6/1/Year 2 729 1021 2 5.000 (1021) 729 IOA 1021 OA 25.000