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Crane Company uses the gross method to record sales made on credit. On June 10, 2020, it sold goods worth $235000 with terms 1/10, n/30
Crane Company uses the gross method to record sales made on credit. On June 10, 2020, it sold goods worth $235000 with terms 1/10, n/30 to Blossom Company On June 19, 2020, Crane received payment for 1/2 of the amount due from Blossom Company Cranes fiscal year end is on June 30, 2020. What amount will be reported in the financial statements for the accounts receivable due from Blossom Company?
| $117500. |
| $115150. |
| $235000. |
| $230300. |
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