On January 1, Monty Corp. lent $31,000 to Teal Mountain Ltd, accepting Teal Mountain's $41,261, three-year, zero-interest-bearing note. The implied interest is 10% (a) Prepare Monty's journal entries for the initial transaction, recognition of interest each year assuming use of the effective interest method, and the collection of $41,261 at maturity. (Credit account titles are outomatically indented when the 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. List all debit entries before credit entries.l (To record interest income in the first year) (To record interest income in the second year) (To record interest income in the third year) (To record collection at maturity) List of Accounts Assistance Used Accounts Payable Accounts Receivable Accumulated Depreciation- Equipment Advances to Employees Advertising Expense. Allowance for Doubtful Accounts Allowance for Expected Credit Losses Allowance for Sales Returns and Allowances Bad Debt Expense Bank Charges Expense Cash Cash Over and Short Delivery Expense Due from Factor Due to Customer Entertainment Expense Equipment Finance Expense Finance Revenue Freight-In Freight-Out Gain on Disposal of Land Interest Expense Interest Income Interest Receivable Inventory Land Loss on Disposal of Equipment Loss on Disposal of Land Loss on Disposal of Receivables Loss on Impairment Miscellaneous Expense Notes Payable Notes Receivable Office Expense Petty Cash Prepaid Expenses Recourse Liability Refund Liability Rent Expense Rent Revenue Repairs and Maintenance Expense Salaries and Wages Expense Salaries and Wages Expense Sales Returns and Allowances Sales Revenue Servicing Liability Service Revenue Supplies Travel Expense Unearned Revenue