Home Insert Formulas Data Review View Help Open in Desktop App Editing Calibri B Av Number 30 8 D G H 2 M N A MONTH NOTE PAYABLE ADJ Use the dropdown to choose your accounts. LINE CREDIT DEBIT 100,000 Date Transaction 1/1/2017 Carter Corporation issued 100,000 shares of $1.00 par common stock for $1.00 per share 100,000 40,000 11/1/2017 Carter Corporation borrowed $40,000 with interest at 6 percent for 3 months. 40,000 DATE GENERAL JOURNAL 1 1/1/2017 CASH 2 COMMON STOCK 3 4 UM CASH 5 NOTES PAYABLE 6 7 WR Choose: 8 Choose: 9 10 2/1/2018 NOTES PAYABLE 11 INTEREST EXPENSE 2017 12 Choose: 13 Choose: 2 3 1 5 6 MI Carter acc Carterace Carter acc Carterace Carter ace Carter accrued into statements. Use the account INTEREST EXPENSE 2017 2/1/2018 Carter Corporation paid off the note plus interest Use the account INTEREST EXPENSE 2018 for 2018 interest 8 CREDIT DEBIT 140,000 0 21 22 23 24 40,000 TRIAL BALANCE CASH NOTES PAYABLE INTEREST PAYABLE INTEREST EXPENSE 2017 INTEREST EXPENSE 2018 COMMON STOCK TOTALS 26 27 28 100,000 140,000 140,000 IN BALANCE