The following transactions occurred during July:
Received $900 cash for services provided to a customer during July.
Received $2,200 cash investment from Bob Johnson,the owner of the business.
Received $750 from a customer in partial payment of his account receivable which arose from sales in June.
Provided services to a customer on credit,$375.
Borrowed $6,000 from the bank by signing a promissory note.
Received $1,250 cash from a customer for services to be rendered next year.
What was the amount of revenue for July?
A) $ 900.
B) $ 1,275.
C) $ 2,525.
D) $ 3,275.
E) $ 11,100.
Correct Answer:
Verified
Q85: Ralph Pine Consulting received its telephone bill
Q98: A double-entry accounting system is an accounting
Q101: Paul's Landscaping paid $500 on account for
Q104: On April 30,Victor Services had an Accounts
Q107: During the month of February,Victor Services had
Q117: Wiley Consulting purchased $7,000 worth of
Q117: During the month of March,Harley's Computer Services
Q120: On May 31, the Cash account of
Q123: Mary Martin,the sole stockholder of Martin
Q136: On January 1 of the current year,Jimmy's
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents