Chapter 7 Hinework Question 4 of 10 View Policies V Current Attempt in Progress -15 On January 1. Whispering Winds Corp. lent $41.000 to Shamrock, Inc., accepting Shamrock's $54,571, three-year zero interest bearing note. The implied interest is 10% (a) Prepare Sheffeld's journal entries for the initial transaction, recognition of interest each year assuming use of the effective interest method, and the collection of $54,571 at maturity. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Account Titles and Explanation Debit Credit (To record initial transaction) G 12:42 AM 2802-0526