Prepare General Journal Entries for the Following Transactions of This

question 7

Essay

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

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Definitions:

Social Issues

Topics of concern that affect a society's well-being and require public debate, policy making, or activism to address.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Workers Under 40 Years

Refers to employees or labor force participants who are below the age of 40, often targeted in workforce planning and diversity efforts.

Ethical Expectations

Standards of moral behavior and professional conduct expected by individuals or organizations.