5 of 6 < > -/1 E Current Attempt in Progress Nash Family Importers sold goods to Tung Decorators for $31,200 on November 1, 2020, accepting Tung's $31,200, 6-month, 6% note. Prepare Nash's November 1 entry, December 31 annual adjusting entry, and May 1 entry for the collection of the note and interest. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Question 6 of 6 < > -/1 E E Henry Acrobats lent $12,397 to Donaldson, Inc., accepting Donaldson's 2-years, $15,000, 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 $15,000 at maturity. (Round answers to O decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation 1. 2. 3. (To record the initial transations) (To record the recognition of interest in year one) (To recognize the interest in year 2) Debit Credit