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Steve Acrobats lent $$8,264$ to Donaldson, Inc, accepting Donaldson's $2-$ year, $$10,000,$ zero$-$interest$-$bearing note The implied interest rate is $10\%.$

Prepare Steve's journal entries for the initial transaction, recognition of interest each year, and the collection of $$10,000$ 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 Ofor the amounts. Credi? 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$)$

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List of Accounts

Artempits: $0$ of $3$ used