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Campbell Company uses the gross method and a perpetual inventory system. Assuming the following entries, compute the amount that Campbell Company received on July 17.
Campbell Company uses the gross method and a perpetual inventory system. Assuming the following entries, compute the amount that Campbell Company received on July 17. July 7 Sold goods costing $4,200 to Scott Company on account, $7,000, terms 5/10,n/30. The goods are shipped FOB Shipping_Point, Freight Prepaid by Seller, \$270. July 13 Scott Company returned undamaged merchandise previously purchased on account, $1,600. July 17 Received the amount due from Scott Company. Campbell Company uses the gross method and a perpetual inventory system. Assuming the following entries, compute the amount that Campbell Company received on July 17. July 7 Sold goods costing $4,200 to Scott Company on account, $7,000, terms 5/10,n/30. The goods are shipped FOB Shipping_Point, Freight Prepaid by Seller, \$270. July 13 Scott Company returned undamaged merchandise previously purchased on account, $1,600. July 17 Received the amount due from Scott Company
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