Steve Acrobats lent $48,868 to Donaldson, Inc, accepting Donaldson's 2-year, $57,000, zero-interest-bearing note. The implied interest rate is 8%. Prepare Steve's joumal entries for the initial transaction, recognition of interest each year, and the collection of $57,000 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. List all debit entries before credit entries.) 
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