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Current Attempt in Progress fohn Acrobuss tent $24,863 to Donaldson, Inc, accepting Donaidson's 2 year, $29,000, zero-interest bearingnote The implied interestrate is 8%. Prepare John

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Current Attempt in Progress fohn Acrobuss tent $24,863 to Donaldson, Inc, accepting Donaidson's 2 year, $29,000, zero-interest bearingnote The implied interestrate is 8%. Prepare John sjournal entries for the initial transaction, recognition of interest each year, and the coiliection of $29,000 at maturity. (Round answers to 0 decimal places, e.s, 5,275, If no entry is required, select "No Entry* for the account titles and enter o for the amounts. Credit occount ilites are automatically indented when the amount is entered. Do not indent manually. List all debit entries belore credit entries.)

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