The following transactions occurred during julynbspreceived, Ask an Expert

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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

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92039440

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