Business, 21.05.2020 22:18 potatonene

In the Month of March, Chester Corporation received orders of 176 units at a price of $15.00 for their product Cute. Chester uses the accrual method of accounting and offers 30 day credit terms. Chester delivers 118 units in March and the balance of 59 units in April. They received payment for 59 units in March, 59 units in April, and 59 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)

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In the Month of March, Chester Corporation received orders of 176 units at a price of $15.00 for the...