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The following transactions occurred during July: 1. Received $1,400 cash for services performed during July. 2. Received $7,100 cash from the issuance of common stock

The following transactions occurred during July:

1. Received $1,400 cash for services performed during July.
2. Received $7,100 cash from the issuance of common stock to owners.
3. Received $700 from a customer as payment for services performed during June.
4. Billed $4,400 to customers for services performed on account in July.
5. Borrowed $3,100 from the bank and signed a promissory note.
6. Received $1,900 from a customer for services to be performed during August.

What is the amount of revenue that will be reported on the income statement for the month ended July 31?

$7,700 $5,800 $9,600 $8,400

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