Ask Question
21 November, 13:37

The following transactions occurred during July: received $900 cash for services provided to a customer during July. Issued common stock for $2,200 cash. Received $750 from a customer in partial payment of his account receivable which arose from sales in June. Provided services to a customer on credit, $375. Borrowed $6,000 from the bank by signing a promissory note. Received $1,250 cash from a customer for services to be performed next year. What was the amount of revenue for July?

+3
Answers (1)
  1. 21 November, 16:09
    0
    revenue for july 1,275

    Explanation:

    We only have to compute the services performed in July

    900 cash services july

    375 credit services july

    1,275

    The received from sales in junes doesn't count.

    Also doesn't count the advance payment for services at next year
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The following transactions occurred during July: received $900 cash for services provided to a customer during July. Issued common stock ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers