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In the Month of March, Digby received orders of 115 units at a price of $15.00 for their product Drum. Digby uses the accrual method
In the Month of March, Digby received orders of 115 units at a price of $15.00 for their product Drum. Digby uses the accrual method of accounting and offers 30 day credit terms. Digby delivers 115 units in April. They received payment for 58 units in March, and 58 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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