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just kind of at a loss with this one, big test coming up and looking for help with this practice question Griswold's, Incorporated (GI), began

just kind of at a loss with this one, big test coming up and looking for help with this practice question
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Griswold's, Incorporated (GI), 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 $19,009; the cost of these goods to GI was $11,100. February 12 Received payment in full from Walgreens. Farch i Sold merehandise to Bravis Pharmaco on account for $2,900; the cost of these goods to 61 was $1, aso. April 1 Sold merchandise to Tony's Pharmacy on account for $7,900. The cost to GI was $4,350. Hay 1 Sold merchandise to Anjuli stores on account for $1,909; the cost to G1 was $1,150. June 17 Received $6,450 on account from Tony's Phareacy. 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 GI would report its accounts recelvable on its June 30 balance sheet. 3.b. What amounts would be reported on an income statement prepared for the six-month period ended June 30 ? Complete this question by entering vour answers in the tabs below. Complete the following aged tisting of customer accounts at June 30 . Complete this question by entering your answers in the tabs below. Estimate the Alowance for Doubtful Accounts required at June 30 assuming the following uncollectible rates: one month, 3 percent; twa months, 4 percent; three months, 20 percent; more than three monthis, 30 percent. Complete this question by entering your answers in the tabs below. Show how GI would report its accounts recelvable on its June 30 balance sheet. Complete this question by entering your answers in the tabs below. What amounts would be reported on an income statement prepared for the six-month period ended June 30

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