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How much of the collected should baldwin show on march

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Reference no: EM132930652

Problem 1: In the month of March the Baldwin Corporation received and delivered orders of 186,000 units at a price of $15.00 for revenue of $2.790mil for their product Bolt. Baldwin uses the accrual method of accounting and offers 30 day credit terms. By the end of May Baldwin had collected payments of $2.790mil for the March deliveries. How much of the collected $2.790mil should Baldwin show on the March 31st income statement and how much on the May 31st income statement?

Reference no: EM132930652

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