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I've been reviewing our statements from the past year and need your help to verify a few entries. Last July, we fully processed orders of 761 units at a price of $38 resulting in $28,918 in revenue for product Alan. As a reminder, we use the accrual method of accounting and offer 30 day credit terms. By the end of September, we collected payments of $28,918 for the July deliveries. How much of the collected $28,918 should we have shown on the July 31st income statement and how much on the September 30th income statement? Samantha Jorgenson Board Member, Accounting & Finance | Andrews Corporation $9,630 in July, $19,288 in September O $14,459 in July, $14,459 in September $28,918 in July; $0 in September O $0 in July, $28,918 in September I've been reviewing our statements from the past year and need your help to verify a few entries. Last July, we fully processed orders of 761 units at a price of $38 resulting in $28,918 in revenue for product Alan. As a reminder, we use the accrual method of accounting and offer 30 day credit terms. By the end of September, we collected payments of $28,918 for the July deliveries. How much of the collected $28,918 should we have shown on the July 31st income statement and how much on the September 30th income statement? Samantha Jorgenson Board Member, Accounting & Finance | Andrews Corporation $9,630 in July, $19,288 in September O $14,459 in July, $14,459 in September $28,918 in July; $0 in September O $0 in July, $28,918 in September
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