The following transactions occurred during July:1. Received $1,600 cash for services performed during July. 2. Received $10,000 cash from the issuance of common stock to owners. 3. Received $800 from a customer as payment for services performed during June. 4. Billed $7,000 to customers for services performed on account in July. 5. Borrowed $5,000 from the bank and signed a promissory note. 6. Received $2,000 from a customer for services to be performed during August. What is the amount of revenue that will be reported on the income statement for the month ended July 31?
A. $11,400.
B. $14,400.
C. $8,600.
D. $10,600.
Answer: C
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