1. Journalize the following transactions in the accounts of Zion Theater Productions:
Mar. 1. Received a $40,000, 90-day, 8% note dated March 1 from Gymboree Company on account.
31. Discounted the note at Security Credit Bank at 10%.
May 30. The note is dishonored by Gymboree Company; paid the bank the amount due on the note, plus a protest fee of $200.
June 29. Received the amount due on the dishonored note plus interest for 30 days at 12% on the total amount charged to Gymboree Company on May 30.