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What am I missing? Rainey Enterprises loaned $20,000 to Small Company on June 1 , Year 1 , for one year at 6 percent interest.

What am I missing?
Rainey Enterprises loaned $20,000 to Small 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 Ioan to Small Company (2) The adjusting entry at 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 given transactions in a horizontal statements model. Answer is not complete. Complete this question by entering your answers in the tabs below. sign.)

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