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In the Month of March, Baldwin Corporation received orders of 175 units at a price of $15.00 for their product Brat. Baldwin uses the accrual
In the Month of March, Baldwin Corporation received orders of 175 units at a price of $15.00 for their product Brat. Baldwin uses the accrual method of accounting and offers 30 day credit terms. Baldwin 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, $2625
$1740, $870
$2625, 0
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