Selkirk Company obtained a $24,000 note receivable from a customer on January 1, 2021. The note, along with interest at 10%, is due on July 1, 2021. On February 28, 2021, Selkirk discounted the note at Unionville Bank. The bank's discount rate is 12%. 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. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the accrued interest earned. Note: Enter debits before credits. Debit Credit Date General Journal February 28, 2021 Interest receivable Interest revenue 400 400 Journal entry worksheet Record the discounting of note receivable. Note: Enter debits before credits. Debit Credit Date General Journal February 28, 2021 Cash Loss on sale of notes receivable Notes receivable Interest receivable