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Timing of Revenue Recognition On May 1, 2020, KSU Corp. entered into a contract to deliver one of its specialty mowers to OH Co. The
Timing of Revenue Recognition On May 1, 2020, KSU Corp. entered into a contract to deliver one of its specialty mowers to OH Co. The contract requires OH Co, to pay the contract price of $1,500 in advance on May 15, 2020. OH Co. pays KSU Corp. on May 15, 2020, and KSU Corp, delivers the mower (with cost of $950) on May 31, 2020 For each date indicate how much revenue (if any) will be recognized only write the dollar amount of revenue (if any) - do not provide a journal entry. If no revenue is to be recognized write none. 3 points) 5/1/2020: 5/15/2020: 5/31/2020
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