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In the Month of March, Chester received orders of 137 units at a price of $15.00 for their product Cedar. Chester uses the accrual method

In the Month of March, Chester received orders of 137 units at a price of $15.00 for their product Cedar. Chester uses the accrual method of accounting and offers 30 day credit terms. Chester delivers 137 units in April. They received payment for 69 units in March, and 69 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)

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  • $2,055 , 0

  • $1,028 , $1,028

  • 0, $2,055

  • 0, $1,028

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