Dold Acrobats lent $24,628to Donaldson, Inc., accepting Donaldsons2-year, $29,800, zero-interest-bearing note. The implied interest rate is10%.

Prepare Dolds journal entries for the initial transaction, recognition of interest each year, and the collection of $29,800at maturity.(Round answers to 0 decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

PLEASE KEEP TO SAME FORMAT as picture attached thank you :)