The Following Transactions Occurred During July

question 239

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

Understand the provisions and applications of the Family and Medical Leave Act (FMLA).

Comprehend the process of formation, dissolution, and termination of partnerships.

Grasp the concept of employment at will and recognize federal statutes prohibiting employment discrimination.

Identify the scope and procedures of state workers' compensation laws.

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Definitions:

Decision-making Process

A systematic approach to making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Serious Atmosphere

An environment characterized by gravity, solemnity, or a lack of humor, often pertinent to critical or important situations.

Informal Meeting

A casual gathering or discussion without strict rules, agenda, or structure, often occurring spontaneously or in a relaxed setting.

Making Notes

the process of writing down important information from a lecture, reading, or discussion to aid memory and understanding.