Robert has set-up a start-up business. You have been appointed as an accountant for his business. Prepare journal entries for the following transactions
1. On January 1, 2015, Robert invested $50,000 in his business.
2. On January 4, 2015, Robert bought a laptop for $2,800 for business use.
3. On January 20, 2015, Robert received $13,000 for services rendered.
4. On January 23, 2015, Robert paid salaries to his staff for $3,500

On January 1, 2015, Robert invested $50,000 in his business.

DateAccountDebitCredit

January 1, 2015Cash  

                                            50,000

January 1, 2015Cash  

50,000

On January 4, 2015, Robert bought a laptop for $2,800 for business use.

DateAccountDebitCredit

January 4, 2015Office Computer  

2,800

January 4, 2015Cash  

2,800

On January 20, 2015, Robert received $13,000 for services rendered.

DateAccountDebitCredit

January 20, 2015Cash  

13,000

January 20, 2015Revenue  

13,000

On January 23, 2015, Robert paid salaries to his staff for $3,500.

DateAccountDebitCredit

January 23, 2015Salaries  

3,500

January 23, 2015Cash  

3,500

Explanation:

answer: b 56, 250

explanation:

answer; the above statement/question is ( true);