Selkirk Company obtained a $$24,000$ note receivable from a customer on January $1,2024.$ The note, along with interest at $10\%,$ is due on July $1,2024.$ On February $28,2024,$ Selkirk discounted the note at Unionville Bank. The bank's discount rate is $12\%$

Required:

Prepare the journal entries required on February $28,2024,$ to accrue interest and to record the discounting for Selkirk. Assume that the discounting is accounted for as a sale.

Note: Do not round intermediate calculations. If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Answer is complete but not entirely correct.

$\backslash$table$[[$No$,$Date,General Journal,Debit,Credit$],[1,$February $28,2024,$Interest receivable,$(,464*,],[,,$Interest revenue,$(,,393**$