Mathematics, 21.01.2022 14:00 Steelo600
Assume a company has the following transactions during the week.
a. $4,000 cash is received in exchange of 100 shares of stock.
b. The company received a loan of $10,000.
c. The company buys $6,000 worth of equipment with cash.
d. The company provides a service and is paid $3,000.
e. $2,000 worth of services is provided to a Joe Client on credit (Joe Client is to pay at a later date).
f. Joe Client decides to pay $500 of the amount owed.
What is the total amount of revenue earned for the week?
$9,000
$5,000
$11,000
$10,500
$4,500
$8,500
$5,500
Answers: 1
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Assume a company has the following transactions during the week.
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