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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 operations occurred during its
Griswold's began operations in January, selling inexpensive sunglasses to large retailers like Walgreens and other smaller stores. Assume the following transactions operations occurred during its first six months of Sold merchandise to Walgreens for $16,000; the cost of these goods to Griswold's was $8,400 Received Sold merchandise to Bravis Pharmaco on account for $2,600; the cost of these goods to Griswold's was $1,200 Sold merchandise to Tony's Pharmacy on account for $7,600. The cost to Griswold's was $4,200 Sold merchandise to Anjuli Stores on account for $1,600; the cost to Griswold's was $1,000. Received $6,300 on account from Tony's Pharmacy. January 1 payment i n full from Walgreens. 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 April ree Months) Three Months June March Customer Total Balance Greater than One Month) (Two Months) (Thr Anjuli Stores $ Bravis Pharmaco lony's Pharmacy Walgreen:s Total 1,600 2,600 1,600 2,600
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