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?

• A) $900.
• B) $1,275.
• C) $2,525.
• D) $3,275.
• E) $11,100.

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Definitions:

Emotional Stability

The ability to maintain balance and manage emotions, especially in stressful situations, without extreme reactions.

Operational Definition

An operational definition specifies the measurement criteria and procedure for quantifying a research variable, ensuring clarity and replicability.

Independent Variable

In an experiment, the variable that is manipulated or changed to observe its effect on a dependent variable.

Experimental Group

In research, the group of subjects who are exposed to the variable under investigation, as opposed to the control group which is not exposed.