The following transactions occurred during July: Received $960 cash for services provided to a customer during July. Received $3,200 cash investment from K. Peterson, the owner of the business Received $810 from a customer in partial payment of his account receivable which arose from sales in June. Provided services to a customer on credit, $435. Borrowed $6,600 from the bank by signing a promissory note. Received $1,310 cash from a customer for services to be rendered next year. What was the amount of revenue for July

$1,395

Explanation:

Not all the above can be counted as Revenue so first I will differentiate them to make calculating revenue easier.

a) Received $960 cash for services provided to a customer during July.

- This is Revenue as it was received in payment of work done.

b) Received $3,200 cash investment from K. Peterson, the owner of the business.

- This is an Investment into the business and so is NOT Revenue.

c) Received $810 from a customer in partial payment of his account receivable which arose from sales in June.

- This is NOT Revenue but is the settling of an Accounts Receivables.

d) Provided services to a customer on credit, $435.

- This is Revenue as it is rendered for services provided.

e) Borrowed $6,600 from the bank by signing a promissory note.

- This is NOT Revenue as it was long term borrowing.

f) Received $1,310 cash from a customer for services to be rendered next year.

- This is NOT Revenue as it is Prepaid Revenue.

Adding up those considered Revenue we have,

= 960 + 435

= $1,395

$1,395 is the amount of Revenue in July.

The consumer preference is to have a meat that is leaner, and an equal amount of fat distributed throughout the meat.

Explanation:

This means that the cuts of meat that fit this description can be sold at a higher price than others.