Question 8 of 10 -/1 View Policies Current Attempt in Progress Henry Acrobats lent $25.972 to Donaldson, Inc., accepting Donaldsons 2 years $32.000, zero-interest-bearing nate. The implied interest rate is 11% Prepare Henry's journal entries for the initial transaction, recognition of interest each year, and the collection of $32,000 at maturity (Round answers to decimal places, es 5.275. If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit occount titles are automatically indented when the amount is entered. Do not indent manually) No. Account Titles and Explanation Debit Credit 1 To record the initial transations) 2 (To record the recognition of Interest in year one) To recognize the interest in year 2) 4 (To record the collection of the note) eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit