In the month of March the Digby Corporation received and delivered orders of 169,000 units...
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Accounting
In the month of March the Digby Corporation received and delivered orders of 169,000 units at a price of $15.00 for revenue of $2.535mil for their product Daft. Digby uses the accrual method of accounting and offers 30 day credit terms. By the end of May Digby had collected payments of $2.535mil for the March deliveries. How much of the collected $2.535mil should Digby show on the March 31st income statement and how much on the May 31st income statement
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