The Following Transactions Occurred During July

question 239

Multiple Choice

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) $3,275.
• C) $2,525.
• D) $1,275.
• E) $11,100.

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Definitions:

Chronic Abuse

Repeated and prolonged exposure to situations where there is harm or maltreatment, which can lead to long-term psychological and physical health problems.

Gene Variation

Differences in the DNA sequence among individuals, contributing to the genetic diversity of organisms.

Depression

A mood disorder causing a persistent feeling of sadness and loss of interest, affecting an individual's thoughts, behavior, feelings, and sense of well-being.

Stress Hormones

Chemical substances released into the body in response to perceived threats, playing a key role in the fight or flight response, such as cortisol and adrenaline.