Rainey Enterprises loaned $20,000 to Small Company on June 1, Year 1, for one year at 6 percent interest. Required a. Record these general journal entries for Rainey Enterprises: (1) The loan to Small Company (2) The adjusting entry at December 31 , Year 1. (3) The adjusting entry and collection of the note on June 1, Year 2. b. Show the effects of the three given transactions in a horizontal statements model. Complete this question by entering your answers in the tabs below. Record these general journal entries for Rainey Enterprises: (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) (1) The loan to Small Company (2) The adjusting entry at December 31 , Year 1. (3) The adjusting entry and collection of the note on June 1, Year 2. Show less Journal entry worksheet 2 Record entry for loan provided to Small Company for one year at 6 percent interest