In the Month of March, Chester received orders of 185 units at a price of $15.00 for their product City, and in April receives an order for 46 units of their product City at $15.00. Chester uses the accrual method of accounting and offers 30 day credit terms. Chester delivers 0 units in March, 185 units in April and 46 units in May. They received payment for 185 units in April, and payment for 46 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)

The financial statement of the transaction record is referred to as the accounting. In essence, the procedure locates and measures the record. The company has a well-organized financial and record-keeping system.

Chester sends out 185 units in April, compared to 0 in March. City charges $15.00 for their product. Chester uses the accrual method of accounting; for the months of March and April, respectively, no revenue was recognized $2775 (185 units × $15).

As a result, the accurate answer is the $2775.

Learn more about on accounting, here:

https://brainly.com/question/22917325

#SPJ1