What was the amount of revenue for july

Assignment Help Financial Accounting
Reference no: EM131712313

The following transactions occurred during July:

1. Received $930 cash for services provided to a customer during July.

2. Received $2,600 cash investment from Bob Johnson, the stockholder of the business

3. Received $780 from a customer in partial payment of his account receivable which arose from sales in June.

4. Provided services to a customer on credit, $405.

5. Borrowed $6,300 from the bank by signing a promissory note.

6. Received $1,280 cash from a customer for services to be rendered next year.

What was the amount of revenue for July?

Reference no: EM131712313

Questions Cloud

Discuss how did they propose solving : What problems were socialist thinkers, such as Marx, interested in solving and how did they propose solving them
Explain why process is required : Explain why this process is required (15 points) and (2) provide an example of the closing of an expense account, Salary Expense in the form of a journal entry
Calculate cost of goods sold for the year : At the beginning of the year, Bryers Incorporated reports inventory of $6,300. Calculate cost of goods sold for the year
Discuss disasters like the earthquake or hurricane : How could countries be better prepared for disasters like the earthquake or hurricane, so they don't result in a crisis
What was the amount of revenue for july : What was the amount of revenue for July - Received $1,280 cash from a customer for services to be rendered next year
Explain about the power of congruency in leadership : Outline the differences between Hoarding power and Encouraging. Explain about the power of Congruency in Leadership.
Describe how you would implement the system : Design a feedback card that could be used to gather useful feedback. Be creative! Describe how you would implement this system. Who would get the cards?
Create a stem-and-leaf display of the given data : Bird species. The Cornell Lab of Ornithology holds an annual Christmas Bird Count (www.birdsource.org), in which bird watchers at various locations.
Write a brief introductory executive summary : Write a brief introductory "executive summary" identifying the organization, the challenge and the current state of affairs.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Inventory costs to the inventory general ledger account

The report that is used to reconcile inventory costs to the inventory general ledger account is called the:

  Job-order costing system

Araiza Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed out to cost of goods sold at the end of the month. During the month, the actual manufacturing overhead cost incurred was $255,220, and 1,000 compl..

  Determine total stockholders'' equity

Assuming the shares are held in the treasury, what effect does this transaction have on net income,

  Prepare journal entries to record the transactions

Preparation of Journal entries and Prepare journal entries to record the transactions.

  Prepare a monthly flexible manufacturing overhead budget

Prepare a monthly flexible manufacturing overhead budget for 2010 for the expected range of activity, using increments of 1,000 direct labor hours.

  What are the major concerns about outsourcing

Locate a recent article on outsourcing practices. Compute the following requirements based on the article. What are the major reasons for the decision to outsource? What are the major concerns about outsourcing? Which business functions are outsource..

  Equivalent units of production for materials-conversion cost

The Smelting Department of Mathews Manufacturing Company has the following production and cost data for November. Compute the equivalent units of production for (a) materials and (b) conversion costs for the month of November.

  What is the machines net present value

Rayburn Industries is evaluating the investment of $137,300 in a new packing machine that should provide annual cash operating inflows of $30,380 for 6 years. At the end of 6 years, the packing machine will be sold for $4,680. Rayburn’s required rate..

  To develop a quick assessment of their economic effects

Ag Bio Tech (ABT) was organized on January 1, 2013, by four friends. Each organizer invested $12,500 in the company and, in turn, was issued 10,000 shares of common stock. To date, they are the only stockholders. During the first month, the records o..

  Findingnbsp the write off of the specific receivablethe

findingnbsp the write off of the specific receivable.the draber company uses the allowance method based on the aging

  Prepare journal entries to record each transaction

Prepare journal entries to record each transaction. Determine accrued interest as of December 31, 20XX, and prepare the necessary adjusting entry or entries.

  Overhead variances-four-variance analysis

Oerstman, Inc., uses a standard costing system and develops its overhead rates from the current annual budget. The budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours. Compute the fixed overhead spending..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd