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Crane Company uses the gross method to record sales made on credit. On June 10, 2025, it sold goods worth $320000 with terms 3/10, n/30
Crane Company uses the gross method to record sales made on credit. On June 10, 2025, it sold goods worth $320000 with terms 3/10, n/30 to Blue Inc. On June 19, 2025, Crane received payment for 1/2 of the amount due from Blue. Crane's fiscal year end is June 30, 2025. What amount will be reported in the financial statements for the accounts receivable due from Blue? Select answer from the options below $320000. $313600. $156800. $160000
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