Amount due from jackson company on august cooper company


Cooper Company uses the gross method and a perpetual inventory system. Assuming the following entries, compute the amount that Cooper Company received on August 19.

August 9 Sold goods costing $9,000 to Jackson Company on account, $15,000, terms 2/10, n/30. The goods are shipped FOB Shipping Point, Freight Prepaid by Seller, $190.

August 15 Jackson Company returned undamaged merchandise previously purchased on account, $1,100.

August 19 Received the amount due from Jackson Company.

Amount due from Jackson Company on August 19:?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Amount due from jackson company on august cooper company
Reference No:- TGS02610320

Now Priced at $10 (50% Discount)

Recommended (98%)

Rated (4.3/5)