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The following transactions are July activities of Evan's Tik Tok Service, which creates videos.

 Question 4

 The following transactions are July activities of Evan's Tik Tok Service, which creates videos.

  •  Evan collected $4,578 from customers for services related to videos created in July.

  •  Evan billed a customer for S715 for a video made on the last day of July. The bill is to be paid in August.

  •  On July 1, a customer gave Evan advance payments totalling $2,741 for the four months of work to be done equally staring in July

  •  Evan received $613 from credit sales made to customers last month (in June).

 By what amount did total assets increase during July?


 Question 5

 Eilish Company had the following account balances.

 Accounts Payable 5589

 Accounts Receivable S 1,870

 Cash $ 4,974

 Comman Stock $ 1,143

 Deferred Revenue $ 1,079



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Answer #1

Q4.

Collected from customers (Cash) $     4,578
Billed to customer (Accounts receivable) $        715
Advance payment (Cash) $     2,741
Increase in total assets $     8,034

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