Discounting a Note Receivable Sonic Inc. received from a customer a $4,500, 9% interest-bearing note that will mature in three months. Two months later, Sonic Inc. discounted the note to the bank at a charge of 12%. Provide the journal entries made by Sonic Inc. to (1) accrue interest to the date the note was discounted and (2) record the discounting of the note receivable. Note: Round your answers to the nearest whole dollar. Account Name Dr. Cr. (1) Interest Receivable 68 0 Answer Interest Revenue 0 68 Answer To record interest on note. (2) Cash 4,545 0 Answer Discount on Note Receivable 23 0 Answer Interest Receivable 0 68 Answer Note Receivable 0