The Following Transactions Occurred During July

question 3

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 Barbara Hanson,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.
Signed a promissory note for a $6,000 bank loan.
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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Definitions:

Reinforcement

A concept in behavioral psychology where a behavior becomes more likely to occur due to the consequence that follows it.

Operant Conditioning

A procedure in learning where the level of a particular behavior is tailored by means of encouragement or correction.

Voluntary Response

A behavioral or physical reaction that occurs as a result of a voluntary action in response to a stimulus.

Secondary Reinforcers

Stimuli that become reinforcing through their association with primary reinforcers; they do not satisfy biological needs but are learned, such as money or praise.