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Prepare General Journal Entries for the Following Transactions of This

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


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