Accrual method of accounting


In the Month of March, Baldwin received orders of 139 units at price of $15.00 for their product Bill, and in April receives order for 35 units of their product Bill at $15.00. Baldwin employs the accrual method of accounting and offers 30 day credit terms. Baldwin delivers 0 units in March, 139 units in April and 35 units in May. They received payment for 139 units in April, and payment for 35 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)

0, $2,085

$2,085 , $521

$2,606 , 0

$869 , $869

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Business Management: Accrual method of accounting
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