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The following transactions occurred during July: Received $980 cash for services provided to a customer during July. Received $3,600 cash investment from Bob Johnson, the

The following transactions occurred during July:

  1. Received $980 cash for services provided to a customer during July.
  2. Received $3,600 cash investment from Bob Johnson, the owner of the business
  3. Received $830 from a customer in partial payment of his account receivable which arose from sales in June.
  4. Provided services to a customer on credit, $455.
  5. Borrowed $6,800 from the bank by signing a promissory note.
  6. Received $1,330 cash from a customer for services to be rendered next year.

What was the amount of revenue for July?

Multiple Choice

  • $980.

  • $1,435.

  • $2,765.

  • $13,540.

  • $3,595.

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