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In the Month of March, Chester received orders of 114 units at a price of $15.00 for their product Creak. Chester uses the accrual method
In the Month of March, Chester received orders of 114 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 114 units in April. They received payment for 57 units in March, and 57 units in April. In the March income statement, 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 1. $1,710,0 2. $855, $855 3. 0,$1,710 4. 0,$855
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