The Following Transactions Occurred During July: A

question 168

Multiple Choice

The following transactions occurred during July: a.Received $900 cash for services provided to a customer during July.
b.Received $2,200 cash investment from Barbara Hanson,the owner of the business.
c.Received $750 from a customer in partial payment of his account receivable,which arose from sales in June.
d.Provided services to a customer on credit,$375.
e.Signed a promissory note for a $6,000 bank loan.
f.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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