Wood Company uses thegross methodand aperpetual inventory system. Assuming the following entries, compute the amount that Wood Company received on August 12.

August1 Sold goods costing $7,800 to Rivera Company on account, $13,000,terms1/10, n/30. The goods are shippedFOB Shipping Point, Freight Prepaid by Seller, $280.

August7 Rivera Company returned undamaged merchandise previously purchased on account, $2,900.

August12 Received the amount due from Rivera Company.