The following transactions occurred during July: 1. Received $900 cash for services provided to a customer...
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 Bob Johnson, 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 performed next year.
What was the amount of revenue for July?
Homework Answers
| Cash for services | 900 |
| Services provided on credit | 375 |
| Revenue | 1275 |
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