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The Following Transactions Occurred During July

Question 11

Multiple Choice

The following transactions occurred during July:
1.Received $900 cash for services provided to a customer during July.
2.Issued common stock for $2,200 cash.
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?


A) $900.
B) $1,275.
C) $2,525.
D) $3,275.
E) $11,100.

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