The Following Transactions Occurred During July

question 11

Multiple Choice

The following transactions occurred during July:
1.Received $900 cash for services provided to a customer during July.
2.Issued common stock for $2,200 cash.
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 performed 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:

Retrieve

The act of getting something back or recalling information from memory.

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A genus of sea slugs known for their role in neuroscience research due to their large nerve cells.

Neural Mechanisms

Biological processes and structures within the nervous system that underlie the function and behavior of an organism.

Nervous System

The nervous system is a complex network of nerves and cells that carry messages to and from the brain and spinal cord to various parts of the body.