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In the Month of March, Chester received orders of 199 units at a price of $15.00 for their product Coat, and in April receives
In the Month of March, Chester received orders of 199 units at a price of $15.00 for their product Coat, and in April receives an order for 50 units of their product Coat at $15.00. Chester uses the accrual method of accounting and offers 30 day credit terms. Chester delivers 0 units in March, 199 units in April and 50 units in May. They received payment for 199 units in April, and payment for 50 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 Save Answer $2,985, $746 $1,244, $1,244 $3,731,0 0, $2,985
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