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The following transactions occurred during July for Hurley Services: 1 Received $1,800 cash for photography services provided to customer during the month. 2 Received $1,500

The following transactions occurred during July for Hurley Services:

1 Received $1,800 cash for photography services provided to customer during the month.
2 Received $1,500 cash from Barbara Blanc, the owner of the business.
3 Received $1,300 from a customer in partial payment of his account receivable which arose as a result of sales during June.
4 Rendered photography services to a customer on credit, $1,100.
5 Borrowed $300 from the bank by signing a promissory note.
6 Received $700 from a customer in payment for services to be rendered next year.

How much revenue was earned in July?

Multiple Choice

  • $7,000

  • $5,500

  • $2,300

  • $2,900

  • $1,200

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