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Selkirk Company obtained a $33.000 note receivable from a customer on January 1, 2021. The note, along with interest al 8%, is due on July

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Selkirk Company obtained a $33.000 note receivable from a customer on January 1, 2021. The note, along with interest al 8%, is due on July 1, 2021. On February 28, 2020. Selkirk discounted the note al Unionville Bank The bank's discount rate is 10% Required: Prepare the journal entries required on February 28, 2021, lo accrue interest and to record the discounting for Seldik. 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.) Record the accrued interest earned. Note: Enter debits before credits. General Journal Debit Credit Date February 28, 2021 Journal entry worksheet Record the discounting of note receivable. Note: Enter debits before credits. General Journal Debit Credit Date February 28, 2021

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