Russell preston delivers parts for several local auto parts stores. he charges clients 0.90 per mile driven. russell has determined that if he drives 2,100 miles in a month, his average operating cost is $0.60 per mile. if he drives 4,100 miles in a month, his average operating cost is $0.40 per mile. russell has used the high-low method to determine that his monthly cost equation is: total cost

The following transactions occurred during july: received $1,000 cash for services provided to a customer during july. received $4,000 cash investment from bob johnson, the owner of the business received $850 from a customer in partial payment of his account receivable which arose from sales in june. provided services to a customer on credit, $475. borrowed $7,000 from the bank by signing a promissory note. received $1,350 cash from a customer for services to be rendered next year. what was the amount of revenue for july?