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Griswold's began operations in January, selling inexpensive sunglasses to large retailers like Walgreens and other smaller stores. Assume the following transactions occurred during its first
Griswold's began operations in January, selling inexpensive sunglasses to large retailers like Walgreens and other smaller stores. Assume the following transactions occurred during its first six months of operations. Sold merchandise to Walgreens for $21,000; the cost of these goods to Griswold's was $12,900 Received payment in full from Walgreens Sold merchandise to Bravis Pharmaco on account for $3,100; the cost of these goods to Griswold's was $1,450 Sold merchandise to Tony's Pharmacy on account for $8,100. The cost to Griswold's was $4,450 Sold merchandise to Anjuli Stores on account for $2,100; the cost to Griswold's was $1,250 Received $6,550 on account from Tony's Pharmacy January 1 February 12 March 1 April 1 May 1 June 17 Required: 1. Complete the following aged listing of customer accounts at June 30. Unpaid Since May June April March Customer Total Balance hree Months) Three Months) Greater than (One Month) (Two Months) (T 2,100 3,100 Anjuli Stores Bravis Pharmaco Tony's Pharmacy Walgreens Total 2,100 3,100
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