Rainey Enterprises loaned $ to Small Company on June Year for one year at percent interest.
Required:
Show the effects of the following transactions in a horizontal statements model.
Note: Enter any decreases to account balances and cash outflows with a minus sign. For changes on the Statement of Cash
Flows, indicate whether the item is an operating activity OA investing activity IA or financing activity FA Not all cells require input. Do not round intermediate calculations. Round your final answers to the nearest whole dollar.
The loan to Small Company
The adjustment at December Year
The adjustment and collection of the note on June Year
tableRAINEY ENTERPRISESDateBalance Sheet,Income Statement,tableStatement of CashFlowsAssetsLiabilities,tabletableStockholdersEquityRetainedEarningsCashtableNotesReceivabletableInterestReceivableRevenue,Expense,Net Income Year Year Year Adjustment,,C Year Note Collection,,mor
