Exercise 16.6 Recording receipt of a note receivable and subsequent discounting of the note. LO 16-7 On June 3, 2019, Alaska State Company received a $5,000, 60 day, 12 percent note from Samuel Adams, a customer whose account was past due. The note was discounted on June 18, 2019 at the Second State Bank and Trust. The bank charged a discount rate of 14%. 1. Prepare the journal entries regarding this note. (Use 360 days a year. Round your answers to 2 decimal places.)