Exercise 1 Direction: Record the following transactions. Use as many records or sheets as you can. Feb. 1, 2021 Borrowed 20,000 pesos cash from bank Feb. 2, 2021 Made 5,000 pesos down payment to contractor for making a small store Feb. 18, 2021 Bought 2,000 pesos worth of soft drinks to be sold Feb. 18, 2021 Bought 2,500 pesos worth of biscuits to be sold Feb. 20, 2021 1,000 pesos worth of soft drinks were sold Feb. 20, 2021 1,100 pesos worth of biscuits were sold Feb. 20, 2021 Collected 2,300 pesos cash from sales Feb. 25, 2021 Paid utilities-water amounting 230 pesos Feb. 25, 2021 Paid utilities-electricity amounting 500 pesos Feb. 26, 2021 Paid taxes amounting 100 pesos Exercise 2 Direction: Show your solution in computing the net income resulting from the transactions in Exercise 1. Write your answers below.

hi how do we record this in MYOB. Please help me    Transactions from early January 2021   2 Obtained a loan of $14,000 from Uncle Oliver (a family relative of Beatrice Reed) at a simple interest rate of 10% per year, Cheque No. 145, ID #CR000001. The principal and interest on the loan are payable in six months time. 3 Received Cheque No. 227 from Pikea for the full amount outstanding on their account, ID #CR000002. 4 Issued Cheque No. 4098 for $10,065 to Mega Tech in payment of Purchase #303 (Supplier Inv#230). 4 Purchased 9 units MePod multimedia players from Pony at $979 each (includes 10% GST), Purchase #306, Supplier Inv#328. Issued Cheque No. 4099 for $3,900 to this supplier for this particular invoice at the time of the purchase. 4 Issued Cheque No. 4100 for $1,320 (includes 10% GST) to Discount Office Supplies for the cash purchase of office supplies. 6 Sold the following items on credit to Jerry Technology, Invoice #3284: 3 units BG90 plasma televisions for…

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nta 22 Coronado has the following assets at December 31, 2019. Cash in bank-savings account 134,000 Certificates of deposit (270-day) 226,000 sponder a como Cash on hand 1,600 Postdated checks 6,000 Cash refund due from State Taxing Authority 32,100 Checking account balance 12,000 What amount should be reported as cash? arcar nta O a. 135,600 O b. 134,000 O c. 179,700 O d. 147,600 pe here to search