Henderson Company uses the gross method and a perpetual inventory system. Assuming the following entries, compute the amount that Henderson Company received on July 18. July 7 July 13 July 18 Sold goods costing $3,000 to Bennett Company on account, $5,000, terms 3/10, n/30. The goods are shipped FOB Shipping Point, Freight Prepaid by Seller, $320. Bennett Company returned undamaged merchandise previously purchased on account, $1,000. Received the amount due from Bennett Company. Amount due from Bennett Company on July 18: X $0

Henderson Company uses the gross method and a perpetual inventory system. Assuming the following entries, compute the amount that Henderson Company received en July 18. July 7 Sold goods costing $3,000 to Bennett Company on account, $5,000, terms 3/10,n/30. The goods are shipped FoB Shipping Point, Freight Prepaid by Seller, $320. July 13 Bennett Company returned undamaged merchandise previously purchased on account, $1,000. July 18 Received the amount due from Bennett Company