The following transactions occurred during July: 1. Received $1,090 cash for services provided to a customer during July.
2. Received $5,800 cash investment from Bob Johnson, the stockholder of the business.
3. Received $940 from a customer in partial payment of his account receivable which arose from sales in June.
4. Borrowed $7,900 from the bank by signing a promissory note.
5. Received $1,440 cash from a customer for services to be rendered next year.
6. Provided services to a customer on credit $565.
What was the amount of revenue for July?
a. $1,090
b. $1,655
c. $3,095
d. $4,035
e. $17,170

You speak to a business owner that is taking in almost $2000 in revenue each month. the owner still says that they are having trouble keeping the doors open. how can that be possible? use the terms of revenue, expenses and profit/loss in your answer

On january 1, year 1, purl corp. purchased as a long-term investment $500,000 face amount of shaw, inc.’s 8% bonds for $456,200. the bonds were purchased to yield 10% interest. the bonds mature on january 1, year 6, and pay interest annually on january 1. purl uses the effective interest method of amortization. what amount (rounded to nearest $100) should purl report on its december 31, year 2, balance sheet for these held-to-maturity bonds?

Caleb construction (cc) incurs supervisor salaries expense in the construction of homes. if cc manufactures 100 homes in a year, fixed supervisor salaries will be $400,000. with the current construction supervisors, cc's productive capacity is 150 homes in a year. however, if cc is contracts to build more than 150 homes per year, it will need to hire additional supervisors, which are hired as full-time rather than temporary employees. cc's productive capacity would then become 200 homes per year, and salaries expense would increase to $470,000. how would cc’s salaries expense be properly classified? fixed variable mixed stepped curvilinear