Question
8. The following transactions occurred during July: Received $1,090 cash for services provided to a customer during July. Received $5,800 cash investment from Bob Johnson,
8. The following transactions occurred during July: Received $1,090 cash for services provided to a customer during July.
Received $5,800 cash investment from Bob Johnson, the stockholder of the business.
Received $940 from a customer in partial payment of his account receivable which arose from sales in June.
Borrowed $7,900 from the bank by signing a promissory note.
Received $1,440 cash from a customer for services to be rendered next year.
Provided services to a customer on credit $565. What was the amount of revenue for July?
a. $1,090
b. $1,655
c. $3,095
d. $4,035
e. $17,170
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