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