Question - The following transactions occurred during July:
1. Received $900 cash for services performed during July.
2. Received $5,350 cash from the issuance of common stock to owners.
3. Received $450 from a customer as payment for services performed during June.
4. Billed $3,650 to customers for services performed on account in July.
5. Borrowed $2,600 from the bank and signed a promissory note.
6. Received $1,150 from a customer for services to be performed during August.
What is the amount of revenue that will be reported on the income statement for the month ended July 31?