Multiple Choice
The following transactions occurred during July:
Received $900 cash for services provided to a customer during July.
Received $2,200 cash investment from Bob Johnson, the owner of the business.
Received $750 from a customer in partial payment of his account receivable which arose from sales in June.
Provided services to a customer on credit, $375.
Borrowed $6,000 from the bank by signing a promissory note.
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) $3,275.
C) $2,525.
D) $1,275.
E) $11,100.
Correct Answer:

Verified
Correct Answer:
Verified
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