Selkirk Company obtained a $20,000 note receivable from a customer on January 1, 2021. The note, along with interest at 12%, is due on July 1, 2021. On February 28, 2021, Selkirk discounted the note at Unionville Bank. The banks discount rate is 15%. Required: Prepare the journal entries required on February 28, 2021, to accrue interest and to record the discounting for Selkirk. Assume that the discounting is accounted for as a sale.