Statement: "The most effective way for ABC Designs to increase employee productivity at no expense would be to reward the most productive employees each month with extra ‘Casual Days’ on which they could wear informal clothing to work." Proposed Assumption: Financial bonuses for the most productive employees would not be the most effective way to increase employee productivity.

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?