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Refrain, Inc. noted the following transactions which occurred in July: July 1 Received a $1,500 cash payment from a customer for services provided in June

Refrain, Inc. noted the following transactions which occurred in July:

July

1

Received a $1,500 cash payment from a customer for services provided in June on account.

July

6

Provided $850 worth of services to a customer on account.

July

8

Provided $1,160 worth of services to a customer who paid cash.

July

July

11

18

Received a $400 cash payment from a customer for whom Refrain had already provided services for on July 6th.

Received a $910 cash payment from a customer for services to be provided in August.

Under accrual-basis accounting, how much revenue should the firm recognize in July?

a.

$4,820.

b.

$1,160.

c.

$2,010.

d.

$2,920.

e.

$3,100.

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