Cairo Co. uses the allowance method of accounting for all uncollectable accounts. Cairo Co. accepted a $5,000, 12%, 90-day note dated May 16, from Alexandria Co. as in exchange for its past-due account receivable. Make the necessary general journal entries for Cairo Co. on May 16 and the August 14 maturity date, assuming that the: Note is held until maturity and collected in hill at that time Note is dishonored; the amount of the note and its interest are written oil as uncollectible