Question: How would I record these in MYOB account right v19. can you please provide step by step instructions. Thanks It is now 7 January 2024 You find a note on your desk from Alonso instructing you to record a list of transactions that occurred during the first week of January as follows: Transactions from early January 2024 2 3 Obtained a loan of $16,000 from Uncle Sebastian (a family relative of Alonso Cohen) at a simple interest rate of 12% per year, Cheque No. 188, ID #CR000001. The principal and interest on the loan are payable in six months time. Issued Cheque No. 4005 for $9,328 to Big Telco in payment of Purchase #326 (Supplier Inv#253). 3 Received Cheque No. 249 from Hypertronics for the full amount outstanding on their account, ID #CR000002. 3 Issued Cheque No. 4006 for $1,980 (includes 10% GST) to Discount Office Supplies for the cash purchase of office supplies. 4 5 Purchased 7 units Tony ZIO MLP projectors from Pear Technology at $1,342 each (includes 10% GST), Purchase #329, Supplier Inv#579. Issued Cheque No. 4007 for $5,500 to this supplier for this particular invoice at the time of the purchase. Sold the following items on credit to Handys Electronics, Invoice #3324: • 4 units BlueBerry phones for $1,870 each (includes 10% GST) • 3 units ZII game consoles for $1,650 each (includes 10% GST). $3,700 was received immediately, Cheque No. 640, with the rest due to be received during the last week of the month. Note that MYOB automatically assigns ID #CR000003 to this cash receipt.
Question: How would I record these in MYOB account right v19. can you please provide step by step instructions. Thanks It is now 7 January 2024 You find a note on your desk from Alonso instructing you to record a list of transactions that occurred during the first week of January as follows: Transactions from early January 2024 2 3 Obtained a loan of $16,000 from Uncle Sebastian (a family relative of Alonso Cohen) at a simple interest rate of 12% per year, Cheque No. 188, ID #CR000001. The principal and interest on the loan are payable in six months time. Issued Cheque No. 4005 for $9,328 to Big Telco in payment of Purchase #326 (Supplier Inv#253). 3 Received Cheque No. 249 from Hypertronics for the full amount outstanding on their account, ID #CR000002. 3 Issued Cheque No. 4006 for $1,980 (includes 10% GST) to Discount Office Supplies for the cash purchase of office supplies. 4 5 Purchased 7 units Tony ZIO MLP projectors from Pear Technology at $1,342 each (includes 10% GST), Purchase #329, Supplier Inv#579. Issued Cheque No. 4007 for $5,500 to this supplier for this particular invoice at the time of the purchase. Sold the following items on credit to Handys Electronics, Invoice #3324: • 4 units BlueBerry phones for $1,870 each (includes 10% GST) • 3 units ZII game consoles for $1,650 each (includes 10% GST). $3,700 was received immediately, Cheque No. 640, with the rest due to be received during the last week of the month. Note that MYOB automatically assigns ID #CR000003 to this cash receipt.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Question:
How would I record these in MYOB account right v19.
can you please provide step by step instructions. Thanks
It is now 7 January 2024
You find a note on your desk from Alonso instructing you to record a list of transactions that occurred during the first week of
January as follows:
Transactions from early January 2024
2
3
Obtained a loan of $16,000 from Uncle Sebastian (a family relative of Alonso Cohen) at a simple interest rate of 12%
per year, Cheque No. 188, ID #CR000001. The principal and interest on the loan are payable in six months time.
Issued Cheque No. 4005 for $9,328 to Big Telco in payment of Purchase #326 (Supplier Inv#253).
3 Received Cheque No. 249 from Hypertronics for the full amount outstanding on their account, ID #CR000002.
3 Issued Cheque No. 4006 for $1,980 (includes 10% GST) to Discount Office Supplies for the cash purchase of office
supplies.
4
5
Purchased 7 units Tony ZIO MLP projectors from Pear Technology at $1,342 each (includes 10% GST), Purchase
#329, Supplier Inv#579. Issued Cheque No. 4007 for $5,500 to this supplier for this particular invoice at the time of
the purchase.
Sold the following items on credit to Handys Electronics, Invoice #3324:
•
4 units BlueBerry phones for $1,870 each (includes 10% GST)
• 3 units ZII game consoles for $1,650 each (includes 10% GST).
$3,700 was received immediately, Cheque No. 640, with the rest due to be received during the last week of the month.
Note that MYOB automatically assigns ID #CR000003 to this cash receipt.
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