The following transactions occurred during July 1. Received $1,090 cash for services provided to a customer during July 2. Received $5,800 cash investment from Bob Johnson, the owner of the business 3. Received $940 from a customer in partial payment of his account receivable which arose from sales in June 4 Provided services to a customer on credit, $565. 5. Borrowed $7,900 from the bank by signing a promissory note. 6. Received $1,440 cash from a customer for services to be rendered next year. What was the amount of revenue for July? Multiple Choice

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following transactions occurred during July
1. Received $1,090 cash for services provided to a customer during July
2. Received $5,800 cash investment from Bob Johnson, the owner of the business
3. Received $940 from a customer in partial payment of his account receivable which arose from sales in June
4 Provided services to a customer on credit, $565.
S. Borrowed $7,900 from the bank by signing a promissory note.
6. Received $1,440 cash from a customer for services to be rendered next year.
What was the amount of revenue for July?
Multiple Choice
C
$1,090
$17370
Transcribed Image Text:The following transactions occurred during July 1. Received $1,090 cash for services provided to a customer during July 2. Received $5,800 cash investment from Bob Johnson, the owner of the business 3. Received $940 from a customer in partial payment of his account receivable which arose from sales in June 4 Provided services to a customer on credit, $565. S. Borrowed $7,900 from the bank by signing a promissory note. 6. Received $1,440 cash from a customer for services to be rendered next year. What was the amount of revenue for July? Multiple Choice C $1,090 $17370
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