Tefco, a computer processor manufacturing company, recently adopted a new fabrication process to manufacture microprocessors. the microprocessors made using this new process have higher computing power and clock speed than other processors available in the market. although the new process has made tefco the industry leader, there is a threat that competitors will be able to match this feat in the near future. it is evident that tefco has achieved

The following transactions occurred during july: received $1,000 cash for services provided to a customer during july. received $4,000 cash investment from bob johnson, the owner of the business received $850 from a customer in partial payment of his account receivable which arose from sales in june. provided services to a customer on credit, $475. borrowed $7,000 from the bank by signing a promissory note. received $1,350 cash from a customer for services to be rendered next year. what was the amount of revenue for july?