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 |
Comment if you face any issues
Add Answer to:
The following transactions occurred during July: 1. Received $900 cash for services provided to a customer...
Required information [The following information applies to the questions displayed below.) The following transactions occurred during...
Required information [The following information applies to the questions displayed below.) The following transactions occurred during July: 1. Received $950 cash for services performed during July. 2. Received $5,550 cash from the issuance of common stock to owners. 3. Received $475 from a customer as payment for services performed during June. 4. Billed $3,800 to customers for services performed on account in July 5. Borrowed $2,600 from the bank and signed a promissory note. 6. Received $1,225 from a customer...
Vulture, Co. noted the following transactions which occurred in July: July 1 Received a $1,500 cash...
Vulture, Co. noted the following transactions which occurred in July: July 1 Received a $1,500 cash payment from a customer for services provided in June on account. July 6 Provided $850 worth of services to a customer on account. July 8 Provided $1,160 worth of services to a customer who paid cash. July July July 11 18 25 Received a $400 cash payment from a customer for whom Vulture had already provided services for on July 6th. Received a $910...
Refrain, Inc. noted the following transactions which occurred in July: July 1 Received a $1,500 cash...
Refrain, Inc. noted the following transactions which occurred in July: July 1 Received a $1,500 cash payment from a customer for services provided in June on account. July 6 Provided $850 worth of services to a customer on account. July 8 Provided $1,160 worth of services to a customer who paid cash. July July 11 18 Received a $400 cash payment from a customer for whom Refrain had already provided services for on July 6th. Received a $910 cash payment...
During the month of February, Hoffer Company had cash receipts of $7,800 and cash disbursements of...
During the month of February, Hoffer Company had cash receipts of $7,800 and cash disbursements of $8,950. The February 28 cash balance was $1,900. What was the January 31 beginning cash balance? Multiple Choice О O $3,050 $1,150 O $0 $750 O $4,200 The following transactions occurred during July: a. Received $1,300 cash for services provided to a customer during July. b. Received $2,600 cash investment from Barbara Hanson, the owner of the business. c. Received $950 from a customer...
Quiz 3 i Saved Help Save & Exit 4 Required information The following information applies to...
Quiz 3 i Saved Help Save & Exit 4 Required information The following information applies to the questions displayed below.] The following transactions occurred during July Received $1.500 cash for services performed during July 2. Received $7.450 cash from the issuance of common stock to owners. 3. Received $750 from a customer as payment for services performed during June 4. Billed $4.550 to customers for services performed on account in July 5. Borrowed $3,200 from the bank and signed a...
Assignment 2.2 Handout 1. The following transactions occurred for Lawrence Engineering: Jul. 2 Received $14,000 contribution...
Assignment 2.2 Handout1. The following transactions occurred for Lawrence Engineering:Jul. 2 Received $14,000 contribution from Brett Lawrence, owner, in exchange for capital.4 Paid utilities expense of $370.5 Purchased equipment on account, $1,600.10 Performed services for a client on account, $2,900.12 Borrowed $7,100 cash, signing a notes payable.19 The owner, Brett Lawrence, withdrew $200 cash from the business.21 Purchased office supplies for $840 and paid cash.27 Paid the liability from July 5 .Requirements:R1. Open the following T-accounts for Lawrence Engineering: Cash;...
PART 2.Angela Duffy, opens her own law office on July, 1 2018. During the first month of operations, the following transactions occurred.
PART 2.Angela Duffy, opens her own law office on July, 1 2018. During the first month of operations, the following transactions occurred. 1. Invested BHD10,000 in cash in the law practice. 2. Paid BHD800 for July rent on office space. 3. Purchased office equipment on account BHD3,000. 4. Provided legal services to clients for cash BHD1,500. 5. Borrowed BHD700 cash from a bank on a note payable. 6. Performed legal services for a client on account BHD2,000. 7. Paid monthly expenses: salaries...
Following are transactions for Valdez Services, a company owned by Brina Valdez. a. Brina Valdez invested...
Following are transactions for Valdez Services, a company owned by Brina Valdez.a. Brina Valdez invested $20,000 cash in the company.b. The company provided services to a client and immediately received $900 cash.c. The company received $10,000 cash from a client in payment for services to be provided next year.d. The company received $3,500 cash from a client in partial payment of accounts receivable.e. The company borrowed $5,000 cash from the bank by signing a note payable.1. Prepare general journal entries...
Which of the following statements are true? Multiple Choice If the trial balance is in balance,...
Which of the following statements are true? Multiple Choice If the trial balance is in balance, it proves that no errors have been made in recording and posting transactions The trial balance is a book of original entry. The trial balance is another name for the balance sheet as long as debits balance with credits. Another name for trial balance is chart of accounts. The trial balance is a list of all accounts from the ledger with their balances at...
On July 7, Saints Inc. received $10,200 in cash from a customer for services to be...
On July 7, Saints Inc. received $10,200 in cash from a customer for services to be provided on October 10. Which of the following describes how the transaction should be recorded on July 7? Multiple Choice Debit cash $10,200, credit deferred revenue $10,200 Debit accounts receivable $10,200, credit service revenue $10,200 o Debit cash $10,200, credit service revenue $10,200 o Debit deferred revenue $10,200, credit cash $10,200
Required information [The following information applies to the questions displayed below.) The following transactions occurred during July: 1. Received $950 cash for services performed during July. 2. Received $5,550 cash from the issuance of common stock to owners. 3. Received $475 from a customer as payment for services performed during June. 4. Billed $3,800 to customers for services performed on account in July 5. Borrowed $2,600 from the bank and signed a promissory note. 6. Received $1,225 from a customer...
During the month of February, Hoffer Company had cash receipts of $7,800 and cash disbursements of $8,950. The February 28 cash balance was $1,900. What was the January 31 beginning cash balance? Multiple Choice О O $3,050 $1,150 O $0 $750 O $4,200 The following transactions occurred during July: a. Received $1,300 cash for services provided to a customer during July. b. Received $2,600 cash investment from Barbara Hanson, the owner of the business. c. Received $950 from a customer...
Quiz 3 i Saved Help Save & Exit 4 Required information The following information applies to the questions displayed below.] The following transactions occurred during July Received $1.500 cash for services performed during July 2. Received $7.450 cash from the issuance of common stock to owners. 3. Received $750 from a customer as payment for services performed during June 4. Billed $4.550 to customers for services performed on account in July 5. Borrowed $3,200 from the bank and signed a...
Following are transactions for Valdez Services, a company owned by Brina Valdez.a. Brina Valdez invested $20,000 cash in the company.b. The company provided services to a client and immediately received $900 cash.c. The company received $10,000 cash from a client in payment for services to be provided next year.d. The company received $3,500 cash from a client in partial payment of accounts receivable.e. The company borrowed $5,000 cash from the bank by signing a note payable.1. Prepare general journal entries...
Which of the following statements are true? Multiple Choice If the trial balance is in balance, it proves that no errors have been made in recording and posting transactions The trial balance is a book of original entry. The trial balance is another name for the balance sheet as long as debits balance with credits. Another name for trial balance is chart of accounts. The trial balance is a list of all accounts from the ledger with their balances at...
On July 7, Saints Inc. received $10,200 in cash from a customer for services to be provided on October 10. Which of the following describes how the transaction should be recorded on July 7? Multiple Choice Debit cash $10,200, credit deferred revenue $10,200 Debit accounts receivable $10,200, credit service revenue $10,200 o Debit cash $10,200, credit service revenue $10,200 o Debit deferred revenue $10,200, credit cash $10,200
Most questions answered within 3 hours.
-
Dealing with conflict, in my opinion, is a skill and an art. I
believe that those...
asked 24 minutes ago -
6. A long straight wire with circular cross section and radius
1.5 cm carries a 1.2...
asked 28 minutes ago -
Deacon Corporation has provided the following financial data
from its balance sheet and income statement:
Year...
asked 1 hour ago -
List and discuss at least three variables from everyday life for
which you expect the variable ...
asked 1 hour ago -
A high-pass filter consists of a 1.60 μF capacitor in series
with a 125 Ω resistor....
asked 1 hour ago -
A newly developed artificial intelligence has trouble
distinguishing hand-written numbers from hand-written alphabets.
There are pictures...
asked 1 hour ago -
The carbonate ion CO3 2- has multiple resonance structures.
a. Draw them and assign the hybridization...
asked 1 hour ago -
In doing an allocation for a basket purchase
Use the individual costs and the total market...
asked 1 hour ago -
what were the social political and economic causes and impacts of
the late 19th century urban...
asked 1 hour ago -
if the magnitude of a velocity vector is 10m/s and it
makes an angle of 45...
asked 1 hour ago -
Which amino acid has a basic R group?
A) tyrosine
B) Isoleucine
C) Glutamic Acid
D)...
asked 1 hour ago -
Is there the need for the government to have hackers. Please
share your thoughts.
asked 1 hour ago