Exercise 7-22 Discounting a note receivable [LO7-8 Selkirk Company obtained a $25,000 note receivable from a customer on January 1, 2018. The note, along with interest at 9%, is due on July 1, 2018, On February 28, 2018, Selkirk discounted the note at Unionville Bank. The bank's discount rate is 12%. ped Required Prepare the journal entries required on February 28, 2018, to accrue interest and to record the discounting for Selkirk. Assume that the discounting is accounted for as a sale. (If no entry is required for a transaction/event, select "No journal entry required" in the first eccount field.) ook View transaction list Print Journal entry worksheet Record the accrued interest earned. Note: Enter debits before credits February 28, 2018 Recoed entry Clear entry View general journal K Prev 10 of Next > O Type here to search