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Rainey Enterprises loaned $40,000 to Small Company on June 1,Year 1, for one year at 9 percent interest.Requireda. Record these general journal entries for RaineyEnterprises:(1)

Rainey Enterprises loaned $40,000 to Small Company on June 1,Year 1, for one year at 9 percent interest.Requireda. Record these general journal entries for RaineyEnterprises:(1) The loan to Smal 2 answers

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