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Griswold's, Incorporated (G), 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 nerchandise to Walgreens for $30,000; the cost of these goods to or was $21,000. February 12 Received payment in full from Walgreens. March 1 sold merchandise to llravin Pharmaco on account for $4,000; the cost of these goodt to Gr was $1,900. April 1 sold merehandine to Tony's Pharmacy on aceount for $9,000. The cost to cr was $4,900. May 1 sold merchandise to Anjuli stores on account for $3,000; the cost to or was $1,700. Juno i? Recefved $7,000 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, 2 percent; two months, 6 percent; three months, 25 percent; more than three months, 35 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. Complete the following aged listing of customer accounts at June 30 . Estimate the Allowance for Doubtful Accounts required at June 30 assuming the following uncollectible rates: one month, 2 percent; two months, 6 percent; three months, 25 percent; more than three months, 35 percent. Show how GI would report its accounts receivable 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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