In the Month of March, Chester received

In the Month of March, Chester received orders of 102 units at a price of $15.00 for their product Cid. Chester uses the accrual method of accounting and offers 30 day credit terms. Chester delivers 102 units in April. They received payment for 51 units in March, and 51 units in April. In the March income statement, how much revenue is recognized on the March income statement from this order? How much in the April Income statement? (Answer in thousands)

 

 

0, $765

 

0, $1,530

 

$1,530 , 0

 

$765 , $765



honeyd


11-09-20 | 08:20:01

accounting method where revenue or expenses are recorded when a transaction occurs rather than when payment is received or made. $1,530,0

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