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What is the total amount of revenue earned for the week

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Reference no: EM133104808

Question - 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.

Required - What is the total amount of revenue earned for the week?

Reference no: EM133104808

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