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14) King Company uses the gross method and a perpetual inventory system. Assuming the following entries, compute the amount that King Company received on September

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King Company uses the gross method and a perpetual inventory system. Assuming the following entries, compute the amount that King Company received on September 15. September 4 Sold goods costing $6,000 to Thomas Company on account, $10,000, terms 2/10, n/30. The goods are shipped FOB Shipping Point, Freight Prepaid by Seller, $270. September 10 Thomas Company returned undamaged merchandise previously purchased on account, $900. September 15 Received the amount due from Thomas Company. Amount due from Thomas Company on September 15: $ 5

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