The following transactions occurred during July
by | Mar 18, 2020 | Uncategorized
The following transactions occurred during July: |
1. |
Received $1,400 cash for services performed during July. |
2. |
Received $7,100 cash from the issuance of common stock to owners. |
3. |
Received $700 from a customer as payment for services performed during June. |
4. |
Billed $4,400 to customers for services performed on account in July. |
5. |
Borrowed $3,100 from the bank and signed a promissory note. |
6. |
Received $1,900 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?
$7,700 $5,800 $9,600 $8,400 |
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