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The following transactions occurred during July:
Received $1,020 cash for services provided to a customer during July.
Received $4,400 cash investment from Bob Johnson, the owner of the business
Received $870 from a customer in partial payment of his account receivable which arose from sales in June.
Provided services to a customer on credit, $495.
Borrowed $7,200 from the bank by signing a promissory note.
Received $1,370 cash from a customer for services to be rendered next year.
What was the amount of revenue for July?
a. $1,020.
b. $3,755.
c. $14,860.
d. $1,515.
e. $2,885

Respuesta :

The amount of revenue for July is $1,515.

  • The computation of the amount of revenue for July is as follows:

= Cash received during July month + provided service to the customer on credit

= $1,020 + $495

= $1,515

Therefore we can conclude that the amount of revenue for July is $1,515.

Hence, option d is correct.

Learn more about the revenue here: brainly.com/question/8645356

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