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Chamcha Inc. recorded the following journal entry on July 2, 2019: Cash 6,500 Revenue 16,500 From the journal entry above, identify the transaction on July

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Chamcha Inc. recorded the following journal entry on July 2, 2019: Cash 6,500 Revenue 16,500 From the journal entry above, identify the transaction on July 2, 2019. Chamcha purchased goods worth $6,500 and signed a one-year note for the same. Chamcha Inc. paid $6,500 for services to be received at a later date. Chamcha Inc. received $6,500 for services to be performed in a later period. Chamcha Inc. sold goods for $6,500 cash

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