How much in the april income statement

Reference no: EM13259311

In the Month of March, Chester Corporation received orders of 156 units at a price of $15.00 for their product Cozy. Chester uses the accrual method of accounting and offers 30 day credit terms. Chester delivers 104 units in March and the balance of 52 units in April. They received payment for 52 units in March, 52 units in April, and 52 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: 1
$780 , $780
$1,560 , $780
$2,340 , 0
0 , $2,340

Reference no: EM13259311

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