Selkirk Company obtained a $18,000 note receivable from a customer on January 1, 2024. The note, along with interest at 8%, is due on July 1, 2024. On February 28, 2024, Selkirk discounted the note at Unionville Bank. The bank's discount rate is 10%. 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: Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.