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5. The following transactions occurred during October. Indicate each time whether the transaction represents revenue to the legal firm in October. Explain your answers. Oct.

5. The following transactions occurred during October. Indicate each time whether the transaction represents revenue to the legal firm in October. Explain your answers. Oct. 1 Received payment of $500 on an account receivable from a customer. Prepared a will for a client today and was paid $250. 4 10 11 15 Obtained a bank loan of $3500 to purchase a new computer system. Owner invested an additional $2500 in the business. Completed the legal work started last week on a housesale and billed the client $1000

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