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Please solve smaller stores. Assume the following transactions occurred during its first six months of operations. January 1 February 12 March 1 April 1 May
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smaller stores. Assume the following transactions occurred during its first six months of operations. January 1 February 12 March 1 April 1 May 1 June 17 Required: Sold merchandise to Walgreens for $29,000; the cost of these goods to GI was $20, 100. Received payment in full from Walgreens . Sold merchandise to Bravis Pharmaco on account for $3, 900; the cost of these goods to GI was $1,850. Sold merchandise to Tony's Pharmacy on account for $8, 900. The cost to GI was $4, 850. Sold merchandise to An juli Stores on account for $2,900; the cost to GI was $1,650. Received $6, 950 on account from Tony's Pharmacy . 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, 1 percent; two months, 5 percent; three months, 20 percent; more than three months, 40 percent. 3-a. Show how GI would report its accounts receivable 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 your answers in the tabs below. Req 1 Req 2 Req 3A Req 3B What amounts would be reported on an income statement prepared for the six-month period ended June 30? GRISWOLD'S, Incorporated Income Statement (partial) For the Six Months Ended June 30
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