The Clayton Company is a retail company that began operations on October 1, Following is the chart of accounts for The Clayton Company. As a new business, 2018, when it incorporated in the state of North Carolina. The Clayton Company is all beginning balances are So authorized to issue 150,000 shares of $1 par value common stock and 75,000 Click the icon to view the chart of accounts.) shares of 8%, $20 par value preferred stock. The company sells a product that includes a one-year warranty and records estimated warranty payable each month, Customers are charged a 7% state sales tax. The company uses a perpetual inventory system. There are three employees that are paid a monthly (Click the icon to view the transactions.) salary on the last day of the month. The Clayton Company completed the following transactions during the last quarter of 2018, its first year of operations: Read the requirements Requirement 1a. In preparation for recording the transactions, prepare. An amortization schedule for the 1. Round interest calculations to the nearest dollar st 3 months of the mortgage payable issued on October Beginning Principal Total Payment Interest Ending Balance Payment Expense Balance 10/01/2018 11/1/2018 S180,000 S 12/1/2018 900 S 907 914 1,350 1,343 1,336 S180,000 2,250 S179,100 2,250 178,193 177,279 179,100 01012019178.193 2,250 Requirement 1b. Enter any number in the edit fields and then click Check A In preparation for recording the transactions, prepare Pavroll reaisters for October. November. and December. All emplovees worked October 1 The Clayton Company is a retail company that began operations on October 1, Following is the chart of accounts for The Clayton Company. As a new business, 2018, when it incorporated in the state of North Carolina. The Clayton Company is all beginning balances are So authorized to issue 150,000 shares of $1 par value common stock and 75,000 Click the icon to view the chart of accounts.) shares of 8%, $20 par value preferred stock. The company sells a product that includes a one-year warranty and records estimated warranty payable each month, Customers are charged a 7% state sales tax. The company uses a perpetual inventory system. There are three employees that are paid a monthly (Click the icon to view the transactions.) salary on the last day of the month. The Clayton Company completed the following transactions during the last quarter of 2018, its first year of operations: Read the requirements Requirement 1a. In preparation for recording the transactions, prepare. An amortization schedule for the 1. Round interest calculations to the nearest dollar st 3 months of the mortgage payable issued on October Beginning Principal Total Payment Interest Ending Balance Payment Expense Balance 10/01/2018 11/1/2018 S180,000 S 12/1/2018 900 S 907 914 1,350 1,343 1,336 S180,000 2,250 S179,100 2,250 178,193 177,279 179,100 01012019178.193 2,250 Requirement 1b. Enter any number in the edit fields and then click Check A In preparation for recording the transactions, prepare Pavroll reaisters for October. November. and December. All emplovees worked October 1
