Smith Dentistry opened on June 1, 2016. The following transactions occurred during June
1. Issued common stock to owners in exchange for $18,000 cash.
2. Purchased $4,500 of equipment, paying $1,350 cash and signing a promissory note for $3,150.
3. Received $8,100 in cash for dental services performed in June.
4. Purchased $1,350 of supplies on account, all of the supplies were used in June.
5. Provided dental services on account in the amount of $14,400.
6. Paid $675 on account
7. Paid $2,700 to employees for work performed during June.
8. Received a bill for utilities for June of $3,050, the bill remains unpaid.
What is the amount of total revenue to be reported on the income statement for the month of June? Multiple Choice
a. $22,500
b. $8,100
c. $40,500
d. $26,100
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