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The following transactions occurred during July:

Received $1,200 cash for services performed during July.

Received $6,400 cash from the issuance of common stock to owners.

Received $600 from a customer as payment for services performed during June.

Billed $4,100 to customers for services performed on account in July.

Borrowed $2,900 from the bank and signed a promissory note.

Received $1,600 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?

Multiple Choice
$8,800
$6,900
$7,500

$5,300

User Snersesyan
by
8.4k points

1 Answer

10 votes

Answer:

5,300 YAN po yong answer ma'am #CARRY ON LEARNING

User Chad Gilbert
by
8.0k points
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