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het education.com/flow/connect aded Homework Griswold's, Inc., began operations in January, selling inexpensive sunglasses to large retailers like Walgreens and other smaller stores Assume the following

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het education.com/flow/connect aded Homework Griswold's, Inc., 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 $25,000; the cost of these goods to 001 was $16,500 February 12 Received payment in full from Walgreens. March 1 Sald merchandise to Bravis Pharco account for $3.500; the cost of these goods to 001 was $1.650 April 1 Sald erchandise to Tony's Pharmacy o ccount for $8.500. The cost to DOT was 54.650. way 1 Sold merchandise to Anuli stores on account for $2.500; the cost to OT was 51.450 June 17 Received $6.750 on account from Tony's Pharmacy Required: 1. Complete the following aged listing of customer accounts at June 30 2. Estimate the Allowance for Doubtful Accounts required at June 30 assuming the following uncollectible rates one month 3 percent two months. 4 percent three months, 20 percent more than three months, 30 percent 3-a. Show how Griswolds would report its accounts receivable on June 30 balance sheet 3-b. What amounts would be reported on an income statement prepared for the six-month period ended June 307 Complete this question by entering your answers in the tabs below Reg 2 Rega DOLL Complete this question by entering your answers in the tabs bel Req1 Req 2 Req 3A Req 3B Estimate the Allowance for Doubtful Accounts required at June 30 assumi percent; two months, 4 percent; three months, 20 percent; more than the ences Estimated Uncollectible One Month Two Months Three Months More than Three Months Total

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