How can calculate the amount of revenue recognized in apri

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Reference no: EM13342532

Magnani Music sells used CDs for $2.00 each. During the month of April, Magnani sold 8,750 CDs for cash and 15,310 CDs on credit. Magnani's cash collections in April included the $17,500 for the CDs sold for cash, $10,300 for CDs sold on credit during the previous month, and $9,850 for CDs sold on credit during April.
How can I calculate the amount of revenue recognized in April under the cash basis and accrual basis of accounting?

Reference no: EM13342532

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