View Policies Current Attempt in Progress Henry Acrobats lent $19,835 to Donaldson, Inc., accepting Donaldson's 2-years, $24,000, zero-interest-bearing note. The implied interest rate is 10%. Prepare Henry's journal entries for the initial transaction, recognition of interest each year, and the collection of $24,000 at maturity. (Round answers to O decimal places, eg. 5,275. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Cred account titles are automatically Indented when the amount is entered. Do not indent manually) No. Account Titles and Explanation 1. Debit Credit 2 (To record the initial transations) 3. (To record the recognition of interest in year one) 4. (To recognize the interest in year 2) (To record the collection of the note)