nw score: 7 7.6 %, 17.09 of 22 pts E4-27 (similar to) Bank of Abany loaned Fielding Part Company $1.400,000 on May 1, 2axa. The loan plus imeestofess payable on May 1.20x1. 1. Using the balance sheet equation format, prepare an analysis of the impact of the transaction on Question Help both Bank of Albany's and Fieldings financial position on May 1, 20x0. Show the summary adjustments on December 31, 20x0, for the period May 1 to December 31. Prepare an analysis of the transaction that takes place on May 1, 20x1, when Fielding repays its obliganion 2. Prepare adjusting journal entries for Bank of Albany and Fielding on December 31, 20x0 3. Prepare the entries that Bank of Albany and Fielding would make on May 1, 20X1 when the loan and interest is repaid. These entries should include interest that acoumulates between January 1, 20X1 and May 1, 20x1 Requirement 1. By using the balance sheet equation format, prepare an analysis of the impact of the transaction on both Bank of Abany's and Fielding's financial position on May 1, 2000. Show the summary adjustments on December 31, 20xXO, for the period May 1 to December 31. Prepare an analysis of the transaction that takes place on May 1,20X1, when Fielding repays its obligation Begin by preparing the analysis for Bank of Albany. (Use parentheses or a minus sign to show a decrease in the balance sheet equation component and leave any unused oells blank.) Liabilities +Stockholders Equity Accrued Accrued Note Interest Note Cash Receivable Payable Payabie 20x00 May 1 Dec 31 20x1 May 1 Enter any number in the edit fields and then click Check Answer. Check Answer Clear All