Builder's Supply issues a 90-day note for $200,000 to Gem Lighting Co. for merchandise inventory. Gem Lighting Co. discounts the note at 8%.

a. Journalize Builder's Supply's entries to record:

1. The issuance of the note.

2. The payment of the note at maturity.

b. Journalize Gem Lighting Co.'s entries to record:

1. The receipt of the note.

2. The receipt of the payment of the note at maturity.