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Evaluate transactions and prepare the journal entries

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Robert Denis formed a corporation to provide concrete construction work. His jobs typically involve building parking lots, delivers, and foundations, Roberts provided the following information about transactions occurring during the first month of the operation. Evaluate transactions and prepare the journal entries for this activity.

Jan 2 Robert Denis invested 20,000 cash to put up business

jan 4 Purchased equipment on account for 15,000

jan 12 Received 30,000 from customers for service rendered

jan 15 Received a bill for construction supplies used in the amount of 4,000

jan 18 Provided 6,400 of services on account

jan 20 Paid employees 4,600 for wages earned

jan 22 Collected 60% of the amount due for the work provided on Jan 18

jan 23 Paid 40% of the amount due for the work provided on jan 4

jan 25 Purchase (and immediately used) constructions supplies for cash in the amount of 1200

jan 31 Robert Denis withdraw 3,000 from the company

Question 1: Journalise the transaction

Reference no: EM132555840

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