7. The following transactions occurred during July: 1. Received $900 cash for services provided to a customer during July. 2. Received $2,200 cash investment from Barbara Hanson, the owner of the business. 3. Received $750 from a customer in partial payment of his account receivable which arose from sales in June. 4. Provided services to a customer on credit, $375. 5. Received $1,250 cash from a customer for services to be performed next year. What was the total amount of revenue for July? A. $900. B. S1,275. C. $2,525. D. $3,275. E. $5,475. Question 2 (4 Marks): Based on the following trial balance for Sally Beauty Shop, prepare statement of changes in equity for the year ended December 31, 2018 (assume Sally made no additional investments in the company during the year) Sally Beauty Shop Trial Balance December 31, 2018 Cash $6,500 Accounts receivable 475 Supplies 2,500 Equipment 17,000 Accounts payable $ 745 Sally, Capital 21,155 Sally, Withdrawals 36,000 Service Revenue 72,000 Rent expense 9,425 Wages expense 22,000 Totals $93,900 $93,900