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Selkirk Company obtained a $15,000 note receivable from a customer on January 1 , 2024. The note, along with interest at 10%, is due on

image text in transcribed Selkirk Company obtained a $15,000 note receivable from a customer on January 1 , 2024. The note, along with interest at 10%, is due on July 1, 2024. On February 28, 2024, Selkirk discounted the note at Unionville Bank. The bank's discount rate is 12%. Required: Prepare the journal entries required on February 28, 2024, to accrue interest and to record the discounting for Selkirk. Assume that the discounting is accounted for as a sale. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your answers to the nearest dollar amount. Journal entry worksheet Record the discounting of note receivable. Note: Enter debits before credits

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