The Following Transactions Occurred During July: 1

Multiple Choice

The following transactions occurred during July: 1.Received $1,600 cash for services performed during July.
2.Received $10,000 cash from the issuance of common stock to owners.
3.Received $800 from a customer as payment for services performed during June.
4.Billed $7,000 to customers for services performed on account in July.
5.Borrowed $5,000 from the bank and signed a promissory note.
6.Received $2,000 from a customer for services to be performed during August.
What is the amount of revenue that will be reported on the income statement for the month ended July 31?

A) $10,600.
B) $11,400.
C) $8,600.
D) $14,400.