Question
The following transactions occurred during July: a. Received $1,200 cash for services provided to a customer during July. b. Received $2,500 cash investment from Barbara
The following transactions occurred during July:
a. Received $1,200 cash for services provided to a customer during July. b. Received $2,500 cash investment from Barbara Hanson, the owner of the business. c.
Received $900 from a customer in partial payment of his account receivable, which arose from sales in June.
d. Provided services to a customer on credit, $525. e. Signed a promissory note for a $7,200 bank loan. f. Received $1,400 cash from a customer for services to be rendered next year.
What was the amount of revenue for July?
$13,200 $3,125 $1,725 $1,200 $4,025
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