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

Question

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

Quizplus · Accepted Answer

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

Prepare General Journal Entries for the Following Transactions of This