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The following transactions occurred during July: 1. Received $950 cash for services provided to a customer during July. 2. Received $3,000 cash investment from Bob
The following transactions occurred during July: 1. Received $950 cash for services provided to a customer during July. 2. Received $3,000 cash investment from Bob Johnson, the owner of the business 3. Received $800 from a customer in partial payment of his account receivable which arose from sales in June. 4. Provided services to a customer on credit. $425. 5. Borrowed $6, 500 from the bank by signing a promissory note. 6. Received $1, 300 cash from a customer for services to be rendered next year. What was the amount of revenue for July? $1, 375. $12, 550. $950. $3, 475. $2, 675
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