Revenue is recognized on the march income statement

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Reference no: EM131546952

In the Month of March, Digby Corporation received orders of 162 units at a price of $15.00 for their product Daft. Digby uses the accrual method of accounting and offers 30 day credit terms. Digby delivers 108 units in March and the balance of 54 units in April. They received payment for 54 units in March, 54 units in April, and 54 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: EM131546952

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