For the month of December 2014 the records of Seal Corporation show the following information:
$$\begin{array} { l r }
\text { Cash received on accounts receivable } & \$ 57,000 \
\text { Cash sales } & 47,000 \
\text { Accounts receivable, December } 1,2014 & 70,000 \
\text { Accounts receivable, December } 31,2014 & 65,000 \
\text { Accounts receivable written off as uncollectible } & 2,500 \
\text { Sales returns \& allowances } & 1,850
\end{array}$$
Required:
Determine the net sales for the month of December 2014.

Question

For the month of December 2014 the records of Seal Corporation show the following information:
$$\begin{array} { l r } 
\text { Cash received on accounts receivable } & \$ 57,000 \
\text { Cash sales } & 47,000 \
\text { Accounts receivable, December } 1,2014 & 70,000 \
\text { Accounts receivable, December } 31,2014 & 65,000 \
\text { Accounts receivable written off as uncollectible } & 2,500 \
\text { Sales returns \& allowances } & 1,850
\end{array}$$ 
Required:
Determine the net sales for the month of December 2014.

Quizplus · Accepted Answer

The Answer of For the month of December 2014 the records of Seal Corporation show the following information:
$$\begin{array} { l r } 
\text { Cash received on accounts receivable } & \$ 57,000 \
\text { Cash sales } & 47,000 \
\text { Accounts receivable, December } 1,2014 & 70,000 \
\text { Accounts receivable, December } 31,2014 & 65,000 \
\text { Accounts receivable written off as uncollectible } & 2,500 \
\text { Sales returns \& allowances } & 1,850
\end{array}$$ 
Required:
Determine the net sales for the month of December 2014.

For the Month of December 2014 the Records of Seal