Question
In the Month of March, Baldwin Corporation received orders of 151 units at a price of $15.00 for their product Buzz. Baldwin uses the accrual
In the Month of March, Baldwin Corporation received orders of 151 units at a price of $15.00 for their product Buzz. Baldwin uses the accrual method of accounting and offers 30 day credit terms. Baldwin delivers 100 units in March and the balance of 50 units in April. They received payment for 50 units in March, 50 units in April, and 50 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)
Select: 1
$2,265 , 0
$750 , $750
$1,500 , $750
0 , $2,265
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