Rosalie Co.uses the gross method to record sales made on credit.On June 10, 2011, it made sales of $100,000 with terms 2\10, n\30 to Finley Farms, Inc.On June 19, 2011, Rosalie received payment for 1\2 the amount due from Finley Farms.Rosalie's fiscal year end is on June 30, 2011.What amount will be reported in the statement of financial position for the accounts receivable due from Finley Farms, Inc.?

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Since Finley Farms paid half the amount within the discount period, they received a 2% discount on that half. The remaining half is still due at the gross amount of $50,000.