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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. January 1 Sold merchandise to Walgreens for $19,000; the cost of these goods to Griswold's was $11, 100. February 12 Received payment in full from Walgreens. March 1 Sold merchandise to Bravis Pharmaco on account for $2, 900; the cost of these goods to Griswold's was $1, 350. April 1 Sold merchandise to Tony's Pharmacy on account for $7, 900. The cost to Griswold's was $4, 350 May 1 Sold merchandise to Anjuli Stores on account for $1, 900; the cost to Griswold's was $1, 150. June 17 Received $6, 450 on account from Tony's Pharmacy. Complete the following aged listing of customer accounts at June 30
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