The following transactions occurred during July: 1. Received $940 cash for services provided to a customer during July. 2. Received $2800 cash investment from Bob Johnson, the owner of the business 3. Received $790 from a customer in partial payment of his account receivable which arose from sales in June. 4. Provided services to a customer on credit, $415. 5. Borrowed $6400 from the bank by signing a promissory note. 6. Received $1290 cash from a customer for services to be rendered next year. What was the amount of revenue for July?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The following transactions occurred during July: 1. Received $940 cash for services provided to a customer during July. 2. Received $2800 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
How long do you have to pay back a short term debt? 3 months 1 month 11 months all of the above
Answers (1)
The following transactions occurred during January 2021: Jan. 1 Sold merchandise for cash, $2,600. The cost of the merchandise was $1,100. The company uses the perpetual inventory system.
Answers (1)
Lynette is released after a 4-week stay at a psychiatric hospital. she needs to find an apartment near her job, because she can't afford a car. when she talks to potential landlords, how should she describe herself
Answers (1)
The Packing Department started the month with 500 units in process, received 1,100 units from the Finishing Department, and transferred 900 units to Finished Goods.
Answers (1)
You do not want to store your data locally on your hard disk. you would rather store it using an internet service. what is this kind of storage known as?
Answers (1)
New Questions in Business
In the current year, Generous University awarded scholarships to graduate students in the amount of $5,000,000. The recipients are not required to provide any services in return for the scholarships. How should the university record the award?
Answers (1)
Suppose that in 1984 the total output in a single good economy was 12,000 buckets of chicken. Also assume that in 1984 each bucket of chicken was priced at $16.
Answers (1)
European interest in the Middle East intensified after oil was discovered in the region. a. True b. False
Answers (1)
What type of marketing channel would Secure Insurance use if it offers its products exclusively through door-to-door salespersons?
Answers (1)
Travis is employed in a logistics company. How can he best avoid workplace hazards? A. by staying seated at his desk B. by avoiding hazardous work C. by wearing safety goggles D. by maintaining an uncluttered workplace E.
Answers (1)