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Question 11 of 36 Current Attempt in Progress John Acrobats lent 25-250 to Donaldson, Inc. Donchons 120.000. The interest rate Prepare John's Journal entries for the initial transactie.recognition of interest each year, and the collection 10.000 maturity (Round answers to decimo ploc.5.275. If no entry is required. select "No Entry for the accounttities and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manual No. Account Titles and Explanation Debit Credit 1 (To record the initial transations) 2 (To record the recognition of interest in year one) E 3