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:

Computer-based Training

A form of education in which students learn by executing special training programs on a computer.

Face-to-face Interaction

Direct communication or contact between two or more people in person.

Self-efficacy

A person's confidence in their capacity to accomplish tasks and achieve objectives.

Communities of Practice

Groups of people who share a concern, a set of problems, or a passion about a topic and deepen their knowledge and expertise in this area by interacting on an ongoing basis.