On November 1, 1979, the Atlantic Supply Company received a note from one of its customers to apply on its open account receivable. The 9 -month, 9 -percent note for \(\$ 8,000\), issued November 1, 1979, is valued at its face amount.

On January 31, 1980, the Atlantic Supply Company endorses the note and transfers it with recourse to Second National Bank. The Company's checking account at this bank is increased for the proceeds, \(\$ 8,100\).

On August 1, 1980, the Atlantic Supply Company is notified by the bank that the note was collected from the customer at maturity Atlantic Supply Company closes its books annually on December 31.

Present dated journal entries on the books of Atlantic Supply Company relating to this note.