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.

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Definitions:

James-Lange Theory

A theory of emotion that proposes emotions result from our interpretation of bodily reactions to stimuli rather than from an emotional state causing physiological responses.

Physiological Responses

Automatic reactions of the body to certain stimuli, which include changes in heart rate, hormone levels, and muscle tension, among others.

Emotional Response

An individual's psychological and physical reactions to experiences or stimuli that are significant to them.

Cognitive Evaluation

The process of assessing, analyzing, and forming judgments about one's thoughts or mental processes.