question archive In the month of March the Digby Corporation received and delivered orders of 159,000 units at a price of $15
In the month of March the Digby Corporation received and delivered orders of 159,000 units at a price of $15
Subject:AccountingPrice:2.87 Bought7
In the month of March the Digby Corporation received and delivered orders of 159,000 units at a price of $15.00 for revenue of $2.385mil for their product Dug. Digby uses the accrual method of accounting and offers 30 day credit terms. By the end of May Digby had collected payments of $2.385mil for the March deliveries. How much of the collected $2.385mil should Digby show on the March 31st income statement and how much on the May 31st income statement?
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