Question

Following are selected transactions Deshawn Company for 2010 and2011.

2010

Dec.	13	Accepted a$27,000, 45-day, 10% note dated December 13 in granting LatishaClark a time extension on her past-due account receivable.
	31	Prepared anadjusting entry to record the accrued interest on the Clarknote.

2011

Jan.	27	ReceivedClark%u2019s payment for principal and interest on the note datedDecember 13.
Mar.	3	Accepted a$21,000, 7%, 90-day note dated March 3 in granting a time extensionon the pastdue account receivable of Shandi Company.
	17	Accepted a$19,000, 30-day, 9% note dated March 17 in granting Juan Torres atime extension on his past-due account receivable.
Apr.	16	Torres dishonorshis note when presented for payment.
May	1	Wrote off theTorres account against the Allowance for Doubtful Accounts.
June	1	Received theShandi payment for principal and interest on the note dated March3.

Prepare journalentries for the above transactions for 2011. (Use 360 days a year. Do not round intermediate calculations andround your final answers to nearest dollar amount. Omit the "$"sign in your response.)

Date		General Journal	Debit	Credit
2011
Jan.	27	(Click to select)CashNotes receivable-L. ClarkBad debtsexpenseMerchandise inventoryInterest receivableInterest revenueCostof goods soldPrepaid insurance
		(Click to select)Notesreceivable-L. ClarkCashInterest revenueBad debts expenseCost ofgoods soldPrepaid insuranceMerchandise inventoryInterestreceivable
		(Click to select)InterestreceivableCost of goods soldBad debts expenseMerchandiseinventoryInterest revenueNotes receivable-L. ClarkCashPrepaidinsurance
		(Click to select)PrepaidinsuranceMerchandise inventoryCost of goods soldInterestrevenueInterest receivableNotes receivable-L. ClarkBad debtsexpenseCash
Mar.	3	(Click to select)Accounts receivable-Shandi CoNotespayable-Shandi CoMerchandise inventoryNotes receivable-ShandiCoCashStore suppliesCost of goods soldPrepaid insurance
		(Click to select)StoresuppliesNotes receivable-Shandi CoCashNotes payable-ShandiCoPrepaid insuranceMerchandise inventoryCost of goods soldAccountsreceivable-Shandi Co
	17	(Click to select)CashPrepaid insuranceNotes payable-J.TorresAccounts receivable-J. TorresInterest receivableMerchandiseinventoryCost of goods soldNotes receivable-J. Torres
		(Click to select)InterestreceivableCashMerchandise inventoryAccounts receivable-J.TorresNotes receivable-J. TorresPrepaid insuranceNotes payable-J.TorresCost of goods sold
Apr.	16	(Click to select)Notes receivable-J. TorresAllowancefor doubtful accountsInterest receivableCashAccounts receivable-J.TorresCost of goods soldInterest revenueBad debts expense
		(Click to select)Cost ofgoods soldCashInterest revenueAllowance for doubtful accountsBaddebts expenseAccounts receivable-J. TorresInterest receivableNotesreceivable-J. Torres
		(Click to select)Notesreceivable-J. TorresCashBad debts expenseInterestreceivableInterest revenueCost of goods soldAccounts receivable-J.TorresAllowance for doubtful accounts
May	1	(Click to select)Bad debts expenseSales expense andallowancePrepaid insuranceCashAccounts receivable-J.TorresAllowance for doubtful accountsInterest revenueInterestreceivable
		(Click to select)Accountsreceivable-J. TorresAllowance for doubtful accountsSales expenseand allowanceInterest receivableBad debts expensePrepaidinsuranceInterest revenueCash
June	1	(Click to select)Notes receivable-Shandi CoSalesexpense and allowancesCashCost of goods soldInterest revenueBaddebts expenseMerchandise inventorySupplies expense
		(Click to select)Notesreceivable-Shandi CoInterest revenueCashMerchandise inventoryCostof goods soldBad debts expenseSupplies expenseSales expense andallowance
		(Click to select)Notesreceivable-Shandi CoInterest revenueCashSales expense andallowanceSupplies expenseBad debts expenseCost of goodssoldMerchandise inventory