The following transactions occurred during July: Received $900 cash for services performed during July. Received $5,350 cash from the issuance of common stock to owners. Received $450 from a customer as payment for services performed during June. Billed $3,650 to customers for services performed on account in July. Borrowed $2,600 from the bank and signed a promissory note. Received $1,150 from a customer for services to be performed during August. As a result of these transactions, what is the amount of the increase to the Cash account

The amount of the increase to the Cash account is $10,450

Explanation:

Cash account

Cash  for services performed during July $900

Cash from the issuance of common stock to owners $5350

Cash received from customer as payment for services performed during June$450

Cash Borrowed from bank$2600

Cash received from customer service to be performed during august    $1150

Total sum is Cash account increase of $10,450

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