May 1	Sold $150,000 of goods to Georgia Co. on account.
May 30	Collected $30,000 from Georgia Co.
June 1	Accepted a $120,000, one-year, 10% note from Georgia Co. for the amount remaining on the account.
July 30	After 60 days, discounted the note from Georgia Co. at First National Bank at a 12% interest rate.

Required: Prepare the journal entries for each transaction. Assume a 360 day year.