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D Required information The following information applies to the questions displayed below) In January, 2020...

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Accounting

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D Required information The following information applies to the questions displayed below) In January, 2020 the first month of operation), a consulting firm recorded the following transactions: 1 issued stock to investors for $16,000 cash 2. Purchased $4,000 of equipment paying 20% in cash and giving a promissory note for the balance 3. Received $7.200 in cash for consulting services performed in January 4. Bought $1,200 of supplies on account all of the supplies were used in January 5. Provided consulting services for clients and billed them $12.800. 6. Paid $600 toward the supplies purchased in 14 7. Paid $2.400 to employees for work performed in January B. Received a bill for rent and utilities for January of $2,700 The firm unes accrual basis of accounting what the amount of total reverse that will be reported on the income Statement for the month of January Mhace 120,000 Help Save Exit Subm 8. Keceived a bill torrent and utilities for January of >2,700. The firm uses accrual basis of accounting What is the amount of total revenue that will be reported on the income Statement for the month of January? Multiple Choice O $20,000 $36,000 O $7200 $22,200

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