Reiney Enterprises loaned $20,000 to Sinnl 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 ot 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 glven transactions in a horizontal statements modol. Complete this question by entering your answers in the tabs below. Stwow the effocts of the three given transactions in a horizontal statements model. (in the Statement of Cash Fions column, bre the initiais on to designate aperating activity, iA for imverting activity, FA for financing activity, and leave blank to indicate the element is not affected by the event, Enter any decreases to accounk balances and cosh outhows with a minus sign