Dold acrobats lent 16529 to donaldson inc accepting

Reference no: EM13596308

Dold Acrobats lent $16,529 to Donaldson, Inc., accepting Donaldson's 2-year, $20,000, zero interest-bearing note. The implied interest rate is 10%. Prepare Dold's journal entries for the initial transaction, recognition of interest each year, and the collection of $20,000 at maturity.

Reference no: EM13596308

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