Question: Simmons Company uses the gross method and a perpetual inventory system. Assuming the following entries, compute the amount that Simmons Company received on December 17. December 7 Sold goods costing $3,000 to Jackson Company on account, $5,000, terms 2/10, n/30. The goods are shipped FOB Shipping Point, Freight Prepaid by Seller, $280. December 13 Jackson Company returned undamaged merchandise previously purchased on account, $200. December 17 Received the amount due from Jackson Company. Amount due from Jackson Company on December 17: