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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

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Answers: 1

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