Question : 130. The sales, all account, of Clayton Company in Year 5, : 1245995
130. The sales, all on account, of Clayton Company in Year 5, its first year of operations, were $700,000. Collections totaled $500,000. On December 31, Year 5, Clayton Company estimated that 2 percent of all sales would probably be uncollectible. On that date, Clayton Company wrote off specific accounts in the amount of $6,000.Clayton Company’s unadjusted trial balance (after all nonadjusting entries were made and […]