Q$5.$ Prepare the journal entries for the following transactions of Deshawn Company for $2011.$Accepted a $$4,000,10\%,90-$day note dated March $3$ in granting a

Mar. $3$ time extension on the past due account receivable of Shandi Company.

$17$ Accepted a $$2,000,9\%,30-$day note dated March $17$ in granting Juan Torres a time extension 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 $3.$