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Rainey Enterprises loaned $35,000 to Small Company on June 1. Year 2 for one year at 5 percent interest Required: Show the effects of the

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Rainey Enterprises loaned $35,000 to Small Company on June 1. Year 2 for one year at 5 percent interest Required: Show the effects of the following transactions in a hotzontal statements model Note: Enter any decreoses to eccount bolances and cosh outflows with a minus slign. For chonges on the Stotement of Cosh Flows, indicose whether the item is on operating activity (OA), investing activity (IA), or financing activity (FA). Not oll celis require input. Do not round intermediote colculotions. Round your finel answers to the nearest whole dollor. (1) The loan to Small Compory (2) The adjustment at December 31, Year 1 (3) The adjustment and collection of the note on June 1 Year 2 Rainey Enterprises loaned $35,000 to Small Company on June 1. Year 2 for one year at 5 percent interest Required: Show the effects of the following transactions in a hotzontal statements model Note: Enter any decreoses to eccount bolances and cosh outflows with a minus slign. For chonges on the Stotement of Cosh Flows, indicose whether the item is on operating activity (OA), investing activity (IA), or financing activity (FA). Not oll celis require input. Do not round intermediote colculotions. Round your finel answers to the nearest whole dollor. (1) The loan to Small Compory (2) The adjustment at December 31, Year 1 (3) The adjustment and collection of the note on June 1 Year 2

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