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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 $25,000; the cost of these goods to Griswold's was $16,500 Received payment in full from Walgreens Sold merchandise to Bravis Pharmaco on account for $3,500; the cost of these goods to Griswold's was $1,650 Sold merchandise to Tony's Pharmacy on account for $8,500. The cost to Griswold's was $4,650 Sold merchandise to Anjuli Stores on account for $2,500; the cost to Griswold's was $1,450 Received $6,750 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 June May April March Customer Total Balance One Month) Greater than Three Months (Two Months)(Three Months) Anjuli Stores Bravis Pharmaco Tony's Pharmacy Walgreen:s Total 2,500 2,500 3,500 3,500
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