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Clark Company uses thegross methodand aperpetual inventory system. Assuming the following entries, compute the amount that Clark Company received on May 20 May10 Sold goods
Clark Company uses thegross methodand aperpetual 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,terms4/10, n/30. The goods are shippedFOB Shipping Point, Freight Prepaid by Seller, $180.
May16
Barnes Company returned undamaged merchandise previously purchased on account, $2,200.
May20
Received the amount due from Barnes Company.
Amount due from Barnes Company on May 20:$.......
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