Prepare journal entries for the following selected transactions of Deshawn Company: 2004 Dec. 13 Accepted a $10,000,

Prepare journal entries for the following selected transactions of Deshawn Company: 

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2004 Dec. 13 Accepted a $10,000, 60-day, 8% note dated December 13 in granting Latisha Clark a time extension on her past-due account receivable. 2005 31 Prepared an adjusting entry to record the accrued interest on the Clark note. Feb. 11 Mar. 3 Received Clark's payment for principal and interest on the note dated December 13. Accepted a $4,000, 10%, 90-day note dated March 3 in granting a time extension on the past-due account receivable of Shandi Company. 17 Accepted a $2,000, 30-day, 9% note dated March 17 in granting Juan Torres a time exten- sion on his past-due account receivable. Apr. 16 Torres dishonors his note when presented for payment. May 1 Wrote off the Torres account against the Allowance for Doubtful Accounts. June 1 Received the Shandi payment for principal and interest on the note dated March 3.