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VIL.Selkirk Company obtained a $15,000 note receivable from a customer on January , 2018. The note, along with interest at 10%, is due on July

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VIL.Selkirk Company obtained a $15,000 note receivable from a customer on January , 2018. The note, along with interest at 10%, is due on July 1, 2018, On February 28, 2018, Netkirk discounted the note at Unionville Rark The ba'sdiscount rae i 12%. Required Prepare the journal entries required on February 28, 2018, to acerue interest and to record the discounting (round all calculations to the ncarest dollar) for Selkirk ssume that the discounting is accounted for as a sale

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