Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

36 The following transactions occurred durting July 1 Recelved $1,080 cash for services provided to a customer during July 2. Recelved $5,600 cash investment from

image text in transcribed
36 The following transactions occurred durting July 1 Recelved $1,080 cash for services provided to a customer during July 2. Recelved $5,600 cash investment from Bob Johnson, the stockholder of the business 3. Recelved $930 from a customer in partial payment of his account recelvable which arose from sales in J 4. Provided services to a customer on credit $555. 5. Borrowed $7.800 from the bank by signing a promissory note. 6. Recelved $1430 cash from a customer for services to be provided next year What was the amount of revenue for July? O $3995 $1,635 o $1,080. o $16,840 O $3065

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Internal Auditing Pocket Guide Preparing Performing Reporting And Follow Up

Authors: J.P. Russell

2nd Edition

1636941303, 978-1636941301

More Books

Students also viewed these Accounting questions