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Carlos Lopez, marketing manager for Fireplace Distributors, sold 12 wood stoves to Woodside Condominiums, Inc. The sales contract was signed on April 27, 2021. The
Carlos Lopez, marketing manager for Fireplace Distributors, sold 12 wood stoves to Woodside Condominiums, Inc. The sales contract was signed on April 27, 2021. The list price of each wood stove was $1,200 but Lopez allowed a 5% quantity discount. He also offered a cash discount of 25% of the amount owed if Woodside paid by June 10. Fireplace Distributors delivered the wood stoves by May 10 and received the proper payment on June9. How much revenue should Fireplace Distributors recognize in April, in May and in June
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