Question
In the Month of March, Baldwin received orders of 163 units at a price of $15.00 for their product Bill, and in April receives an
In the Month of March, Baldwin received orders of 163 units at a price of $15.00 for their product Bill, and in April receives an order for 41 units of their product Bill at $15.00. Baldwin uses the accrual method of accounting and offers 30 day credit terms. Baldwin delivers 0 units in March, 163 units in April and 41 units in May. They received payment for 163 units in April, and payment for 41 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
$3,056 , 0
$1,019 , $1,019
$2,445 , $611
0, $2,445
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