They received payment for 175 units in april and payment, Finance Basics

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They received payment for 175 units in april and payment

In the Month of March, Baldwin received orders of 175 units at a price of $15.00 for their product Bill, and in April receives an order for 44 units of their product Bill at $15.00. Baldwin uses the accrual method of accounting and offers 30 day credit terms. Baldwin delivers 0 units in March, 175 units in April and 44 units in May. They received payment for 175 units in April, and payment for 44 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)

Select

0, $2,625
$3,281 , 0
$1,094 , $1,094
$2,625 , $656

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Finance Basics: They received payment for 175 units in april and payment

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Finance Basics: They received payment for 175 units in april and payment

Reference No:- TGS0606693

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Finance Basics: They received payment for 175 units in april and payment

Reference No:- TGS0606693

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