On November 1, 1999, Grand Strand Property Management, Inc., discounted its own \(\$ 50,000\), 180-day, noninterest-bearing note at its bank at \(18 \%\). The note was paid on its maturity date. The company uses a calendar-year accounting period.

Prepare dated journal entries to record \((a)\) the discounting of the note, \((b)\) the year-end adjustment, and

(c) the payment of the note.