View previous attempt 7 Selkirk Company obtained a $25,000 note receivable from a customer on January 1, 2021. The note, along with interest at 9%, 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 transactions View journal entry worksheet General Journal No 1 Dobi Date February 28, 2021 Interest receivable Interest venue 1.125 1.125 2 25,080 1,045 February 28, 2021 Cash Loss on sale of nobos receivable Notes ronivable Interest recevable 25.000 1,125