In the Month of March, Chester received orders of 87 units at a price of...
90.2K
Verified Solution
Link Copied!
Question
Accounting
In the Month of March, Chester received orders of 87 units at a price of $15.00 for their product Coat. Chester uses the accrual method of accounting and offers 30 day credit terms. Chester delivers 87 units in April. They received payment for 44 units in March, and 44 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)
A. $1,305 , 0
B. $653 , $653
C. 0, $1,305
D. 0, $653
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
