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[SOLVED]In the Month of March, Chester Corporation received orders of 153 units at a price of $15.00 for their product Clack.

In the Month of March, Chester Corporation received orders of 153 units at a price of $15.00 for their product Clack. Chester uses the accrual method of accounting and offers 30 day credit terms. Chester delivers 102 units in March and the balance of 51 units in April. They received payment for 51 units in March, 51 units in April, and 51 units in May. How much revenue is recognized on the March income statement from this order? How much in the April Income statement? (Answer in thousands)

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  •  $1,530 , $765
  •  $765 , $765
  •  $2,295 , 0
  •  0 , $2,295



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