Determine the net sales for the month of December 20X1.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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For the month of December 20X1, the records of Seal Corporation show the following information:
Cash received on accounts receivable
Cash sales
Accounts receivable, December 1, 20X1
Accounts receivable, December 31, 20X1
Accounts receivable written off as uncollectible
Sales returns & allowances
Required:
Determine the net sales for the month of December 20X1.
$57,000
47,000
70,000
65,000
2,500
1,850
Transcribed Image Text:For the month of December 20X1, the records of Seal Corporation show the following information: Cash received on accounts receivable Cash sales Accounts receivable, December 1, 20X1 Accounts receivable, December 31, 20X1 Accounts receivable written off as uncollectible Sales returns & allowances Required: Determine the net sales for the month of December 20X1. $57,000 47,000 70,000 65,000 2,500 1,850
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