The Following Transactions Occurred During July

question 43

Multiple Choice

The following transactions occurred during July:
1) Received $900 cash for services provided to a customer during July.
2) Received $2,200 cash investment from Bob Johnson, the stockholder of the business.
3) Received $750 from a customer in partial payment of his account receivable which arose from sales in June.
4) Provided services to a customer on credit, $375.
5) Borrowed $6,000 from the bank by signing a promissory note.
6) 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.

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Definitions:

Darwin Realty

A term that could refer to a real estate firm or agency, presumably named after Charles Darwin, focusing on property sales, leasing, or management. Without specific context, it could either be a factual business name or a hypothetical entity.

Violence Continuum

A concept that categorizes forms of violence according to their severity and impact, from minor aggressive behaviors to severe physical harm.

Mayhem

A state of chaos, disorder, or violent disruption.

Condescending Way

A manner of treating others as if they are less intelligent or less important, often in a subtly patronizing manner.