RECOMMENDED!!ACCT561-Henderson Company uses the gross method

  

Henderson Company uses the gross method and a perpetual inventory system. Assuming the following entries, compute the amount that Henderson Company received on May 17.May7 Sold goods costing $6,600 to Allen Company on account, $11,000, terms 4/10, n/30. The goods are shipped FOB Shipping Point, Freight Prepaid by Seller, $140.May13 Allen Company returned undamaged merchandise previously purchased on account, $2,100.May17 Received the amount due from Allen Company.Amount due from Allen Company on May 17?

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