In the month of march chester corporation received orders, Ask an Expert

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In the Month of March, Chester Corporation received orders of 174 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 116 units in March and the balance of 58 units in April. They received payment for 58 units in March, 58 units in April, and 58 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)

$870 , $870

0 , $2,610

$1,740 , $870

$2,610 , 0

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92398282

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