Business, 18.12.2019 18:31 elijahjacksonrp6z2o7
In the month of march the chester corporation received and delivered orders of 159,000 units at a price of $15.00 for revenue of $2.385mil for their product cedar. chester uses the accrual method of accounting and offers 30 day credit terms. by the end of may chester had collected payments of $2.385mil for the march deliveries. how much of the collected $2.385mil should chester show on the march 31st income statement and how much on the may 31st income statement?
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In the month of march the chester corporation received and delivered orders of 159,000 units at a pr...
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