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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 busines 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 v ew 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 The Clayton Company completed the following transactions during the last quarter of 2018, its first year of operations perpetual inventory system. There are three empioyees that are paid a monthly lick the icon to view the transactions) salary on the last day of the month. Read the requirements Requirement ta. In preparation for recording the transactions, prepare An amortization schedule for the frst 3 months of the mortgage payable sued on October 1. Round interest cakculations to the nearest dollar BeginningPrincipal BalancePayment Ending Balance Total Expense Payment 10/01/2018 11/1/2018 12/1/2018 01101/2019 Enter any mumber in the eda ields and then cick Check Answer 64 pertainingt Clear Al

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