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2 Obtained a loan of $13,000 from Uncle Claudio (a family relative of EdgarPauli) at a simple interest rate of 8% per year, Cheque No.
2Obtained a loan of $13,000 from Uncle Claudio (a family relative of EdgarPauli) at a simple interest rate of 8% per year, Cheque No. 156, ID #CR000001. The principal and interest on the loan are payable in six months time.
Can u please explain me how we can record this transactions in MYOB.
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