-- Homework (E5 4.11.15) O Cartreet Help Save & You received partial credit in the previous attempt Check my work View previous Exercise 5-11 Accounting for notes receivable LO 5-4 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) For any element not affected by the event, leave the cell blank. (Not every cell will require entry. Do not round intermediate calculations. Enter any decreases to account balances and cash outflows 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, RAINEY ENTERPRISES Horizontal Statements Model Equity Income Statement Assets Statement of Cash o E 99 earch Golob FF.CSSSS 5 - Homework (E5-4, 11, 15) Connect Help Save & E You received partial credit in the previous attempt Check my work View previous Date 52 Assets Cash Notes Receivable (35.000) + 35,000 o + 01 + 1. 6/1/18 2. 12/31/18 3. 6/1/19 6/1/19 6/1/19 RAINEY ENTERPRISES Horizontal Statements Model Equity Income Statement Interest Retained Statement of Cash Revenue Receivable Earnings Expense Net Income Flow 0 0 0 0 op (35,000) 1,428 = 1.428 1,428 01 = 1,420 0 01 = 0 0 0 0 0 O 0 0 0 = op OTOA 01 0 0 0 OP ORA 0 + 0l + O + 01 + ol + 0 + O IT 99 search