On May 16, 2016, Reliable Company received a 90-day, 8 percent, $9,800 interest-bearing note from White Company in settlement of White's past-due account. On June 30, Reliable discounted this note at Fargo Bank and Trust. The bank charged a discount rate of 13 percent. On August 15, Reliable received a notice that White had paid the note and the interest on the due date. Give entries in general journal form to record these transactions