Following are transactions of the Wipe$-$Out Company:

Mar. $2$ Accepted a $$9,340,5\%,90-$day note dated this day in granting a time extension on the past$-$due account of JNC Company.

Apr. $21$ Discounted, with recourse, the JNC Company note at BancFirst at a cost of $$50.$

June $2$ Received notice from BancFirst that JNC Company defaulted on the note due May $31.$ Paid the bank the principal plus interest due on the note. $($Hint: Create an account receivable for the maturity value of the note.$)$

July $16$ Received payment from JNC Company for the maturity value of its dishonoured note plus interest for $45$ days beyond maturity at $5\%.$

Sept. $3$ Accepted a $$3,140,60-$day, $5\%$ note dated this day in granting Cecile Duval a time extension on her past$-$due account.

$18$ Discounted, without recourse, the Duval note at BancFirst at a cost of $$25.$

Required:

Prepare entries to record the above transactions. $($Use $365$ days in a year. Do not round intermediate calculations. Round the final answers to $2$ decimal places.$)$