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Shawpreparesanincomestatementforthefirstquarterof2017,endingonmarch31,2017(installationwascompleted on june 18, 2017). how much revenue should shaw recognize related to its sale to ricard?

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chealafi
Hey buddy, you maybe forgot to put spaces, but dont worry, i know what you meant.
DR Accounts Receivable: $436000
CR Sales Revenue: $398000
CR Unearned Service Revenue: $38000 

Total revenue for 1st quarter

Sales revenue of $398000
add Service revenue of $19000 (38000*3/6)
= 417000

hope this helps you enjoy <3

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