The following transactions occurred during


The following transactions occurred during July:

 Received $1,090 cash for services provided to a customer during July.

 Received $5,800 cash investment from Bob Johnson, the stockholder of the business.

 Received $940 from a customer in partial payment of his account receivable which arose from sales in June.

 Borrowed $7,900 from the bank by signing a promissory note.

 Received $1,440 cash from a customer for services to be rendered next year.

 Provided services to a customer on credit $565. What was the amount of revenue for July?

a. $1,090

b. $1,655

c. $3,095

d. $4,035

 

e. $17,170

Request for Solution File

Ask an Expert for Answer!!
Financial Accounting: The following transactions occurred during
Reference No:- TGS01687492

Expected delivery within 24 Hours