Date | Assets | = | Equity | Income Statement | |||||||||||
Cash | + | Notes Receivable | + | Interest Receivable | = | Retained Earnings | Revenue | - | Expense | = | Net income | Statement of Cash Flows | |||
1 | 6/1/18 | $ -30,000 | $ 30,000 | $ -30,000 | IA | ||||||||||
2 | 12/31/18 | $ 1,050 | $ 1,050 | $ - | |||||||||||
3 | 6/1/19 | $ 1,050 | $ -1,050 | $ 1,050 | OA | ||||||||||
6/1/19 | $ 750 | $ 750 | $ 750 | OA | |||||||||||
6/1/19 | $ 30,000 | $ -30,000 | $ 30,000 | IA |
Rainey Enterprises loaned $30,000 to Small Co. on June 1, 2018, for one year at 6...
Rainey Enterprises loaned $40,000 to Small Co. on June 1, 2018, for one year at 6 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...
Rainey Enterprises loaned $35,000 to Small Co, on June 1, 2018, for one year at 6 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...
Please correct the incorrect answers Rainey Enterprises loaned $45,000 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...
Rainey Enterprises loaned $45,000 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...
thank you! Rainey Enterprises loaned $25,000 to Small Co. on June 1. 2018, for one year at 6 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...
Rainey Enterprises loaned $20,000 to Small Co. on June 1, Year 1, for one year at 6 percent interest. Required Show the effects of the following transactions in a horizontal statements. In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA). (Do not round intermediate calculations. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells in the "Statement...
Rainey Enterprises loaned $50,000 to Small Co. on June 1, Year 1, for one year at 5 percent interest. Required Show the effects of the following transactions in a horizontal statements. In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA). (Do not round intermediate calculations. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells in the "Statement...
Rainey Enterprises loaned $45,000 to Small Co. on June 1, Year 1, for one year at 9 percent interest. Required Show the effects of the following transactions in a horizontal statements. In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA). (Do not round intermediate calculations. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells in the "Statement...
i need help finishing the chart Exercise 5-11 Accounting for notes receivable LO 5-4 Rainey Enterprises loaned $30,000 to Small Co, on June 1, 2018, for one year at 5 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....
LO 5-4 Exercise 5-11 Accounting for notes receivable Poole Enterprises loaned $30,000 to Boyd Co. on September 1, 2014, for one year at 6 percent interest. Required Show the effects of the following transactions in a horizontal statements model like the one shown below. (1) The loan to Boyd Co. (2) The adjusting entry at December 31, 2014 (3) The adjusting entry and collection of the note on September 1, 2015. Assets Llab. + Equity Rev. Exp. Net Inc. Cash...