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There are some blank spaces, these I can not seem to answer correctly. Everything filled in, the system says is correct. I just need answers
There are some blank spaces, these I can not seem to answer correctly. Everything filled in, the system says is correct. I just need answers for the missing boxes
Check my work 3 Rainey Enterprises loaned $20,000 to Small Co. on June 1, 2018, for one year at 6 percent interest. Required Show the effects of the following transactions in a horizontal statements. In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA). The letters NA indicate that an element is not affected by the event. (Do not round intermediate calculations. Enter any decreases to account balances and cash outflows with a minus sign.) 2.5 points (1) The loan to Small Co (2) The adjusting entry at December 31, 2018 (3) The adjusting entry and collection of the note on June 1, 2019 eBook Hint Print References RAINEY ENTERPRISES Horizontal Statements Model Equity Earnings Assets Income Statement Statement of Cash Flow Date Notes Receivable Interest Receivable Retained Revenue Cash + Expense Net Income (20,000)+ o (20,000) 700 20,000+ 2. 12/31/18 7001 = 700 700 OA 500 500 500 (20,000)+ 20,000Step by Step Solution
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