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The following transactions occurred during July: Received $910 cash for services provided to a customer during July. Received $2,300 cash investment from Bob Johnson, the
The following transactions occurred during July: Received $910 cash for services provided to a customer during July. Received $2,300 cash investment from Bob Johnson, the owner of the business. Received $760 from a customer in partial payment of his account receivable which arose from sales in June. Provided services to a customer on credit, $385. Borrowed $6,100 from the bank by signing a promissory note. Received $1,260 cash from a customer for services to be performed next year. What was the amount of revenue for July?
The following transactions occurred during July: 1. Received $910 cash for services provided to a customer during July. 2. Received $2,300 cash investment from Bob Johnson, the owner of the business. 3. Received $760 from a customer in partial payment of his account receivable which arose from sales in June. 4. Provided services to a customer on credit, $385. 5. Borrowed $6,100 from the bank by signing a promissory note. 6. Received $1,260 cash from a customer for services to be performed next year. What was the amount of revenue for July? Multiple Choice $910. $1,295. $2,555. $3,315. $11,330Step by Step Solution
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