Prepare General Journal Entries for the Following Transactions of This

Essay

Prepare general journal entries for the following transactions of this company for the current year:
$\begin{array}{|l|l|}\hline \text { Apr. 25 } & \begin{array}{l}\text { Sold } \$ 4,500 \text { of merchandise to CBC Corp., receiving a 10\%,60-day, } \$ 4,500 \text { note } \\\text { receivable. }\end{array} \\\hline \text { June 24 } & \text { The note of CBC Corp., received on April } 25 \text { was dishonored. }\\\hline \end{array}$