this is income statement transactions questions.

Exercises Part B 5. The following transactions occurred during October in a legal firm. Indicate for each transaction whether the transaction represents revenue to the legal firm in October. Explain your answers. Oa. 1 Received payment of $500 on an account receivable from a customer. 4 Prepared a will for a client today and was paid $250. 10 Obtained a bank loan of $3500 to purchase a new computer a system. 11 Owner invested an additional $2500 into the business. 15 Completed the legal work started last week on a house sale and billed the client $1000