A company obtained a $$19,500$ note receivable from a customer on January $1.$ The note, along with interest at $10\%,$ is due on July $1$ of

the same year. On February $28$ of that year, the company discounted the note at a bank. The bank's discount rate is $12\%.$

Required:

Prepare the journal entries required on February $28,$ to accrue interest and to record the discounting for the company. Assume that the

discounting is accounted for as a sale.

Note: Do not round intermediate calculations. If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in

the first account field.

$-$Journal entry worksheet

Record the accrued interest earned.

Note: Enter debits before credits.