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What is the amount of revenue recognized

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Question - Paradise Beverages sold 200 cartons of beer on account at $50 per carton on 15th January 2021 and the cost of one carton of beer is $40. The company policy is that customers may receive a full refund for any unused products returned within 15 days of sale. Paradise Beverages estimates a return of 3 cartons of beer during January. The cost of recovering the products will be immaterial and returned products can be resold at a profit. What is the amount of revenue recognized by Paradise Beverages for January 2021?

Reference no: EM132934725

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