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:

Cross-Cultural Researchers

Scientists who study the differences and similarities among cultures, often to understand how cultural contexts influence human behavior and cognition.

Literacy

The ability to read and write at a level that enables communication, understanding, and participation in society.

Cognitive Improvements

Enhancements in thinking, memory, problem-solving, and other mental functions through growth, learning, or intervention.

Non-Literate Farmers

Non-literate farmers refer to agriculturalists who do not rely on written language for communication or record-keeping, often using oral tradition and experience instead.