A DAYS NOTE PAYABLE TOTAL SCORE: 4/7 1 Date Transaction 1/1/17 Carter Corporation issued 100,000 shares of $1.00 par common stock for $1.00 per share. There are 10 problems in this set. Choose a number between 1 and 10: NOTE: 360 DAYS/YEAR LINE DATE GENERAL JOURNAL DEBIT CREDIT GRADE 1 1/1/17 CASH 100,000 1 2 COMMON STOCK 100,000 1 3 4 7/30/17 CASH 40,000 1 5 NOTES PAYABLE 40,000 1 6 7 8/29/17 CASH 0 8 INTEREST EXPENSE 0 9 NOTES PAYABLE 0 7/30/17 Carter Corporation borrowed $40,000 with interest at 6 percent for 30 days. 8/29/17 Carter Corporation paid off the note plus interest. 10 11 CREDIT Free space for your notes or remarks. DEBIT 140,000 40,000 TRIAL BALANCE CASH NOTES PAYABLE INTEREST EXPENSE COMMON STOCK TOTALS 100,000 140,000 140,000 IN BALANCE