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James Company uses the gross method and a perpetual inventory system . Assuming the following entries, compute the amount that James Company received on November

James Company uses the gross method and a perpetual inventory system. Assuming the following entries, compute the amount that James Company received on November 12.

November1 Sold goods costing $7,800 to Bryant Company on account, $13,000, terms 3/10, n/30.

The goods are shipped FOB Shipping Point, Freight Prepaid by Seller, $420. November7 Bryant Company returned undamaged merchandise previously purchased on account, $2,600.

November12 Received the amount due from Bryant Company.

Amount due from Bryant Company on November 12 ???

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