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Compute the amount that clark company received

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Question - Clark Company uses the gross method and a perpetual inventory system. Assuming the following entries, compute the amount that Clark Company received on May 20

May10 Sold goods costing $6,000 to Barnes Company on account, $10,000, terms 4/10, n/30. The goods are shipped FOB Shipping Point, Freight Prepaid by Seller, $180.

May 16 Barnes Company returned undamaged merchandise previously purchased on account, $2,200.

May 20 Received the amount due from Barnes Company.

Amount due from Barnes Company on May 20:

Reference no: EM131647978

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