In the Month of March, Chester received orders of 108 units at a price of $15.00...

In the Month of March, Chester received orders of 108 units at a price of $15.00 for their product Creak. Chester uses the accrual method of accounting and offers 30 day credit terms. Chester delivers 108 units in April. They received payment for 54 units in March, and 54 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)

Select: 1

0, $1,620

$ 810, $810

$1,620 , 0

0, $810

Solutions

Expert Solution

0, $1,620
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Please find below the answer
Statementshowing Computations
Paticulars	Amount
revenue recognized on the March income statement	-
revenue recognized on the April income statement = 108*15	1,620.00

jeff jeffy answered 2 years ago

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