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The following transactions occurred during July: 1. Received $1,000 cash for services provided to a customer during July. 2. Received $4,000 cash investment from Bob
The following transactions occurred during July: 1. Received $1,000 cash for services provided to a customer during July. 2. Received $4,000 cash investment from Bob Johnson, the owner of the business. 3. Received $850 from a customer in partial payment of his account receivable which arose from sales in June. 4. Provided services to a customer on credit, $475. 5. Borrowed $7,000 from the bank by signing a promissory note. 6. Received $1,350 cash from a customer for services to be performed next year. What was the amount of revenue for July? Multiple Choice $1,000 $3,675. $1,475 $2,825. $14,200
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