The Following Transactions Occurred During July: • Received $900 Cash

question 1

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

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Definitions:

Action Potential

A sudden change in electrical charge across a neuron's membrane, allowing it to transmit a nerve impulse.

Neurons

Specialized cells within the nervous system that transmit information to other nerve cells, muscle, or gland cells.

Axon Membrane

The lipid bilayer covering the axon of a neuron that facilitates the conduction of electrical impulses.

Positive Ions

Entities such as atoms or molecules that possess a net positive charge due to the loss of one or more electrons.