Question: please show calculations Prepare Chris's journal entries for the initial transaction, recognition of interest each year, and the collection of $29,000 at maturity. (Round answers

please show calculations

Prepare Chris's journal entries for the initial transaction, recognition of interest each year, and the collection of $29,000 at maturity. (Round answers to 0 decimal places, eg. 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.) No. Account Titles and Explanation Debit Credit 1. Notes Receivable Cash 24,863 (To record the initial transations) 2. Cash Interest Receivable (To record the recognition of interest in year one) 3. Cash Interest Receivable (To recognize the interest in year 2) 4. Cash Notes Receivable (To record the collection of the notel

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