In the Month of March, Chester Corporation received orders of 166 units at a price of $15.00 for their product Creak. Chester uses the accrual method of accounting and offers 30 day credit terms. Chester delivers 110 units in March and the balance of 55 units in April. They received payment for 55 units in March, 55 units in April, and 55 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

Submit Answer

• $1,650 , $825
• $825 , $825
• $2,490 , 0
• 0 , $2,490