Prepare general journal entries to record the following transactions:

Aug. 14 Sold goods on account to V. Moyer, \(\$ 3,900\).

Dec. 2 Received a \(\$ 3,900,180\)-day, 10-percent note from V. Moyer in satisfaction of his pastdue account receivable.

30 Sold the Moyer note by discounting it to a bank at 15 percent. (Use a 360 -day year, and round amounts to the nearest dollar.)

Write the note to disclose the contingent liability at December 31 .