Turner Company uses the gross method and a perpetual inventory system. Assuming the following entries, compute the amount that Turner Company received on May $15.$

May $4$ Sold goods costing $$6,600$ to Reed Company on account, $$11,000,$ terms $5/10,$ n$/30.$ The goods are shipped FOB Shipping Point, Freight Prepaid by Seller, $$70.$

May $10$ Reed Company returned undamaged merchandise previously purchased on account, $$1,100.$

May $15$ Received the amount due from Reed Company.

Amount due from Reed Company on May $15$: