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Rainey Enterprises loaned $45,000 to Small Co, on June 1, Year 1 , for one year ot 5 percent interest. Required Show the effects of

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Rainey Enterprises loaned $45,000 to Small Co, on June 1, Year 1 , for one year ot 5 percent interest. Required Show the effects of the following transactions in a horizontal statements. In the Cash Fow column, indicate whether the item is an operating activity (OA), an imvesting activity (A), or a financing activity (FA) For any element not affected by the even, leave the celi blank. (Not every cell will require entry. Do not round intermediate calculations. Enter any decreases to account balances ano cash outflows with a minus sign. Round your answers to the nearest whole dollar.) (1) The loan to 5 mall Co. (2) The adjusting entry at December 31, Year 1. (3) The adjusting entry and collection of the note on June 1, Year 2

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