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GraceKennedy (Belize) Limited uses the gross method to record sales made on credit. On December 10, 2022, it sold goods worth $250,000 with term 2/10,
GraceKennedy (Belize) Limited uses the gross method to record sales made on credit. On December 10, 2022, it sold goods worth $250,000 with term 2/10, n/30 to New Flag Supermarket. On December 19, 2022, GraceKennedy received payment for of the amount due from New Flag Supermarket. GraceKennedys fiscal year end is December 31, 2022. What amount will be reported in the financial statements for the accounts receivable due from New Flag Supermarket?
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