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Rainey Emterprises loaned $35.000 to Smal Compary on June 1, Yoar 1, for one year at 6 percent interest Required: Show the offects of the

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Rainey Emterprises loaned $35.000 to Smal Compary on June 1, Yoar 1, for one year at 6 percent interest Required: Show the offects of the following transactions in a hortzontal statements model Note Enter any decreases, to account balances and cash outlows with a minus sign. For changes on the Statement of Cach Flows, indicate whether the ftem is an operating activity (ON), investing activity (IA), or financing activity (FA). Not all cells require input. Do not round intermediate calculations. Round your final answers to the nearest whole dollar: (1) The loan to Small Company (2) The adjustment at December 3i, Year 1 . (5) The adjustment and colection of the note on June 1, Yoar 2

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