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:
$$\begin{array} { | l | l | } \hline \text { Apr. } 25 & \begin{array} { l } \text { Sold } \$ 4,500 \text { of merchandise to CBC Corp., receiving a } 10 \% , 60 \text {-day, } \$ 4,500 \text { note } \\\text { receivable. }\end{array} \\\hline \text { June } 24 & \text { The note of CBC Corp., received on April } 25 \text { was dishonored. } \\\hline\end{array}$$