On June $3,20$X$1,$ Alaska State Company received a $$5,400,60-$day, $12$ percent note from Samuel Adams, a customer whose account was past due. The note was discounted on June $18,20$X$1$ at the Second State Bank and Trust. The bank charged a discount rate of $14\%.$

Required:

$1.$ Prepare the journal entries regarding this note. $($Use $360$ days a year. Round your answers to $2$ decimal places.$)$