Help needed Rainey Enterprises loaned $35,000 to Small Co on June...
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Rainey Enterprises loaned $35,000 to Small Co on June 1. 2018, for one year at 7 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 and round final answers to nearest dollar amount. Enter any decreases to 00:49.17eccount belances and cesh outlows with a minus sign.) (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 Hozotal Satements Mode HEquty Date Statement of C CashNotes (35,000). Retained Revenue:Expense Net Income Flow 35,000 (35,000) 2 12/31/18 1428 5 889 1,428 5,889 1,428 3 6119 1,428 5,889 5,889 NA 1/19 61/19
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