Bothell Company sold goods to Lynwood, Inc, on December 31, 2023 and accepted a 2-year, $36,0000 zero-interest bearing note from Lynnwood. The price for the goods sold is $29,752 if cash is received on the date of sale. The implied interest rate for the note is 10%.

Required: Prepare Bothell's journal entries for the initial transactions, recognition of interest each year, and the collection of $36,00 at the maturity date.