Reference no: EM132071678

Question - The following transactions occurred during July:

1. Received $1,400 cash for services performed during July.

2. Received $7,100 cash from the issuance of common stock to owners.

3. Received $700 from a customer as payment for services performed during June.

4. Billed $4,400 to customers for services performed on account in July.

5. Borrowed $3,100 from the bank and signed a promissory note.

6. Received $1,900 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?

$7,700

$5,800

$9,600

$8,400