A construction company signs a contract with a customer to deliver a new building. The construction company estimates total project revenue of $2 million and total project costs of $1. 5 million. If the construction company spends $1. 2 million in Year 1 of the project, how much REVENUE should the construction company realize in Year 1

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?