The following transactions occurred during July: Received $1,020 cash for services provided to a customer duringJuly. Received

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The following transactions occurred during July:

Received $1,020 cash for services provided to a customer duringJuly.

Received $4,400 cash investment from Bob Johnson, the owner ofthe business

Received $870 from a customer in partial payment of his accountreceivable which arose from sales in June.

Provided services to a customer on credit, $495.

Borrowed $7,200 from the bank by signing a promissory note.

Received $1,370 cash from a customer for services to be renderednext year.

What was the amount of revenue for July?

Multiple Choice

$1,020.

$3,755.

$14,860.

$1,515.

$2,885

Related Book For answer-question

Interpreting and Analyzing Financial Statements

ISBN: 978-0132746243

6th edition

Authors: Karen P. Schoenebeck, Mark P. Holtzman

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Posted Date: Dec 13, 2022 07:20 AM

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The following transactions occurred during July: Received $1,020 cash for services provided to a customer duringJuly. Received

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2885 Explanation The amount of revenue for July would be the total ... View the full answer

Interpreting and Analyzing Financial Statements

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