For the Month of December 2014 the Records of Seal

question 71

Essay

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.

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Definitions:

Genital

Relating to the reproductive organs; also used to describe the phase of psychosexual development in psychoanalytic theory that focuses on the genitals.

Phallic Stage

A phase in Freudian psychosexual development, occurring roughly between the ages of 3 and 6 years, where the libido (sexual energy) is focused on the genitals.

Anal Stage

The second stage in Freud's psychosexual development stages, occurring from about 18 months to three years of age, when the child's focus of pleasure is on eliminating or retaining feces.

Genital Stage

The final stage of psychosexual development proposed by Freud, focusing on mature sexual interests and behaviors.