On February 1, 2021, Stealth Trucks sold a diesel rig to Kanisas 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 the required journal entry at August 1 to recognize interest revenue and the journal entry to recognize the discounting of the