Problem
The following transactions occurred during July:
• Received $1,350 cash for services provided to a customer during July.
• Received $2,650 cash investment from Barbara Hanson, the owner of the business.
• Received $975 from a customer in partial payment of his account receivable, which arose from sales in June.
• Provided services to a customer on credit, $600.
• Signed a promissory note for a $7,800 bank loan.
• Received $1,475 cash from a customer for services to be rendered next year.
What was the amount of revenue for July?