How much on the may income statement

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Reference no: EM132002799

Question: In the month of March the Baldwin Corporation received and delivered orders of 154,000 units at a price of $15.00 for revenue of $2.310mil for their product Bid. Baldwin uses the accrual method of accounting and offers 30 day credit terms. By the end of May Baldwin had collected payments of $2.310 mil for the March deliveries. How much of the collected $2.310mil should Baldwin show on the March 31st income statement and how much on the May 31st income statement?

Reference no: EM132002799

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