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On December 23, 2018, Richardson Sports Manufacturing sells a truckload of merchandise to the Sports World store in Euclid, Ohio. The terms of the sale
On December 23, 2018, Richardson Sports Manufacturing sells a truckload of merchandise to the Sports World store in Euclid, Ohio. The terms of the sale are FOB destination. The truck runs into bad weather on the way to Euclid and doesn't arrive until January 2, 2019. Richardson's invoice totals $190,000. The company's year end is December 31. What amount should Richardson reflect in its 2018 income statement for this sale? (Enter a "O" for a zero amount) sales revenue for this sale on the income statement in 2018. Since the goods were Richardson should reports sold FOB destination, revenue
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