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 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 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.
Correct Answer:

Verified
Correct Answer:
Verified
Q42: Golddigger Services Inc.provides services to clients.On May
Q44: A company's ledger is:<br>A)A record containing increases
Q45: The posting process is the link between
Q49: Which of the following is not a
Q50: ABC Catering received $800 cash from a
Q112: Debits increase asset and expense accounts.
Q156: Crediting an expense account decreases it.
Q164: The purchase of supplies on credit should
Q214: Withdrawals by the owner are a business
Q250: The general journal is known as the