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John Acrobats lent $15.992 to Donaldson, Inc., accepting Donaldson's 2-years, $19,000, zero-interest-bearing note. The implied interest rate is 9%. Prepare John's journal entries for the

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John Acrobats lent $15.992 to Donaldson, Inc., accepting Donaldson's 2-years, $19,000, zero-interest-bearing note. The implied interest rate is 9%. Prepare John's journal entries for the initial transaction, recognition of interest each year, and the collection of $19.000 at maturity. (Round answers to 5,275. If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amo indent manually.) No. Account Titles and Explanation Debit Credit 1. Notes Receivable (To record the initial transations) To record the recognition of interest in year one) Type here to search e F10 F11 F12 DESCE

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