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Rainey Enterpases kaned 525,000 to simall Courpany on June 1. Year 1, for one year at 7 percent interest Required: Show the effects of the

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Rainey Enterpases kaned 525,000 to simall Courpany on June 1. Year 1, for one year at 7 percent interest Required: Show the effects of the folowing transactions in a hoccontar statements mode. Note: Enter any decreases to acceunt balances and cash outfiows with a minus sigh. For changes on the Statement of Cash Fiows, indicate whether the item is an operating activisy (O investing activity (LA), or finaneing activity (FA), Not all cells require input. Do not reund intermediate calculations. Round your tinal answers to the nearest whole dobelar. (1) The kan to 5 mat Company (2) The acusiment at December 37, year 1 () The agustinent and collecbon of the note on June 1. Year 2

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