Tarheel Services is holding a Bill receivable from one of its customers and wishes to collect the cash earlier than the maturity date of the bill. The bill is for $1 000 and carries a rate of 4%. Tarheel sells the bill to a bank for $950. Please provide the journal entry which Tarheel makes to record this transaction. 
Definitions:
Payoffs
The returns or gains received from a particular action or investment, typically used in the context of games or economic theory.
Player A
In the context of game theory, a label for one of the participants in a strategic interaction or game.
Player B
In game theory, a participant in a strategic situation or game, distinguished from other participants by the label "B".
Sherman Antitrust Act
A landmark U.S. legislation passed in 1890 that prohibits monopolistic business practices and promotes competition.
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