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The Transaction list is below the 1st part of the question Thank you ...

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Accounting

The Transaction list is below the 1st part of the question Thank youimage

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Rainey Enterprises loaned $45,000 to Small Co. on June 1, Year 1, for one year at 7 percent interest. Required a. Record these general journal entries for Rainey Enterprises: 1 no entry by required for a framactlonevem, select "No Journal entry required" In the first account tleld. Round your final answers to the nearest whole dollar. (1) The loan to Small Co. (2) The adjusting entry at December 31, Year 1. (3) The adjusting entry and collection of the note on June 1, Year 2. View transaction list Journal entry worksheet

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