Steve Acrobats lent $$15,992$ to Donaldson, Inc., accepting Donaldson's $2-$year, $$19,000,$ zero$-$interest$-$bearing note. The implied interest rate is $9\%.$

Prepare Steve's journal entries for the initial transaction, recognition of interest each year, and the collection of $$19,000$ at 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. List all debit entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit

$($To record the initial transations$)$

$($To record the recognition of interest in year one$)$

$($To recognize the interest in year $2)$

$($To record the collection of the note$)$