On February 1, 2021, Stealth Trucks sold a diesel rig to Kansas Transports for $250,000, receiving a $50,000 down payment and a 12- month, 10% note for the balance. Principal and interest are due at maturity, and the 10% Interest rate reflected the market rate of interest at the time of sale. On August 1, 2021, Kansas Transports discounted the note without recourse at the First South Bank at 12% interest Required: Prepare all required journal entries at August 1 to recognize interest revenue and the discounting of the note. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 > Record the interest accrued at 10% on the note discounted on August 1, 2021. Note: Enter debits before credits General Journal Debit Credit Transaction 1 Record entry Clear entry View general Journal On February 1, 2021, Stealth Trucks sold a diesel rig to Kansas Transports for $250,000, receiving a $50,000 down payment and a 12- month, 10% note for the balance. Principal and interest are due at maturity, and the 10% interest rate reflected the market rate of Interest at the time of sale On August 1, 2021, Kansas Transports discounted the note without recourse at the First South Bank at 12% interest Required: Prepare all required journal entries at August 1 to recognize interest revenue and the discounting of the note. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 Record the discounting of note on August 1, 2021. Note: Enter debits before credits General Journal Debit Credit Transaction 2 Record entry Clear entry View general journal