How much revenue should monster beverage recognize, Accounting Basics

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How much revenue should monster beverage recognize

Question: Monster Beverage sells 4400 cases of Monster Energy Zero to The 7-11 Company on October 15 for $40,000. Monster completes delivery to 7-11 on October 20. The 7-11 corporation pays $16,000, up front and agrees to pay the balance on November 10. Under the cash basis, how much revenue should Monster Beverage recognize in October?

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Accounting Basics: How much revenue should monster beverage recognize

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