Homework Help: accounting

Posted by Anonymous on Sunday, April 25, 2010 at 12:24pm.

The following transactions occurred during July:
(1) Received $700 cash for photography services provided to customer during the month.
(2) Received $1,500 cash from Barbara Hanson, the owner of the business.
(3) Received $800 from a customer in partial payment of his account receivable which arose as a result of sales during June.
(4) Rendered photography services to a customer on credit, $500.
(5) Borrowed $2,500 from the bank by signing a promissory note.
(6) Received $1,000 from a customer in payment for services to be rendered next year.

What was the amount of revenue for July?

A) $7,000.
B) $5,500.
C) $3,000.
D) $2,000.
E) $1,200.

No one has answered this question yet.

Answer this Question

Related Questions

Math accounting - The following selected transactions were completed by Pilgrim ...
College Accounting - P2-1A Frontier Park was started on April 1 by C. J. Mendez ...
College Accounting - P2-1A Frontier Park was started on April 1 by C. J. Mendez ...
accounting - Question 2.) Hawkeye Electric Company engaged in the following ...
accounting help - How to prepare this entries Preparing and posting journal ...
Accounting- Help Please - Accounting Help-Preparing and posting journal entries...
accounting - Part 5 Cash Budgeting Landis Company has the following sales ...
accounting - Hannah Knox, an architect, opened an office on July 1, 2008. During...
Accounting - At the beginning of April, Owl Corporation has a balance of $12,000...
accounting 201 - I am having trouble figuring out my accounts payable and ...

For Further Reading

First Name:
School Subject:
Answer: