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Morgan Company uses thegross methodand aperpetual inventory system. Assuming the following entries, compute the amount that Morgan Company received on October 13.October2Sold goods costing $8,400

Morgan Company uses thegross methodand aperpetual inventory system. Assuming the following entries, compute the amount that Morgan Company received on October 13.October2Sold goods costing $8,400 to Anderson Company on account, $14,000,terms3/10, n/30. The goods are shippedFOB Shipping Point, Freight Prepaid by Seller, $120.October8Anderson Company returned undamaged merchandise previously purchased on account, $2,900.October13Received the amount due from Anderson Company.

Amount due from Anderson Company on October 13: $.........

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