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The Following Transactions Occurred During July: 1

question 68

Multiple Choice

The following transactions occurred during July: 1. Received $900 cash for services provided to a customer during July.
2) Received $2,200 cash investment from Barbara Hanson, the owner of the business.
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 rendered next year.
What was the amount of revenue for July?

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Definitions:

Midtronics

A brand known for manufacturing and developing battery testers and electrical diagnostic tools and solutions.

Capacitance Tester

A device used to measure the capacitance (the ability of a component to store an electric charge) of various electrical components.

CCA

Cold Cranking Amps; a rating used to describe a battery's ability to start an engine in cold temperatures.

Sealed Lead-Acid Battery

A type of rechargeable battery that uses lead peroxide and sponge lead, contained in a sealed unit to prevent leakage and reduce maintenance.