Sanders, Inc. used the accrual method of accounting. Based on the transactions below, what is the amount of revenue recognized in March?

March 5: Received $1,200 from a customer, in payment of her accounts receivable from a sale in January.

March 14: Received $900 from a customer for services performed on that day.

March 19: Received $700 from a customer for services to be performed in April.

March 20: Received $5,000 cash contribution from the owner of the business.

March 24: Borrowed $1,500 from the bank, signing a 90-day promissory note.

March 30: Provided $500 services to a customer; the customer will pay in 30 days.

Group of answer choices

$3,300

$1,400

$2,900

$2,100

Answer rating: 100% (QA)

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