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Rainey Enterprises foaned $35,000 to Small Company on June 1, Yeat 1, for one year at 8 percent interest Required: Show the effects of the

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Rainey Enterprises foaned $35,000 to Small Company on June 1, Yeat 1, for one year at 8 percent interest Required: Show the effects of the following transactions in a horizontal statements model Note: Enter any decreases to account balances and cash outflows with a minus sign. For changes on the 5tatement of Cash Flows, indicate whether the ifem is an operating activity (OA), 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 doltar. (1) The loon to Small Company (2) The adjustment at December 31 , Yeat 1 (3) The adjustment and collection of the note on June 1, Year 2

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