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The accrual method of accounting

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In the Month of March, Chester Corporation received orders of 170 units at a price of $15.00 for their product Cedar. Chester uses the accrual method of accounting and offers 30 day credit terms. Chester delivers 114 units in March and the balance of 57 units in April. They received payment for 57 units in March, 57 units in April, and 57 units in May. How much revenue is recognized on the March income statement from this order? How much in the April Income statement?

Reference no: EM13241622

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