A weak organic acid (pKa = 4.82) is being studied as a potential broadleaf herbicide. One aspect of the study includes testing for its presence in…
October 17, 2020
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October 17, 2020

In the Month of March, Chester received orders of 134 units at a price of $15.00 for their product Clack. Chester uses the accrual method of accounting and offers 30 day credit terms. Chester delivers 134 units in April. They received payment for 67 units in March, and 67 units in April. In the March income statement, how much revenue is recognized on the March income statement from this order? How much in the April Income statement? (Answer in thousands)

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