The Following Transactions Occurred During July: 1

question 68

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 Barbara Hanson, the owner 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:

Bone Marrow

A soft, spongy tissue found inside bones that is responsible for the production of blood cells.

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Fat stored in the abdominal area, considered harmful due to its association with increased risk of chronic diseases.

Apple-Shaped Distribution

A body shape where excess fat is stored around the waist and abdomen, typically considered a risk factor for cardiovascular and metabolic diseases.

Android

An operating system developed by Google for mobile devices, but also inaccurately applied to describe any robot with a human-like appearance.