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Accounting Transactions using MYOB: show how each transaction is entered into MYOB and provide a paragraph explination of how and why this needs to be
Accounting Transactions using MYOB:
show how each transaction is entered into MYOB and provide a paragraph explination of how and why this needs to be done, all transactions, and considerations.
Transactions from early January
Obtained a loan of $ from Uncle Roderigo a family relative of Imogen Braun at a simple interest rate of per year, Cheque No ID #CR The principal and interest on the loan are payable in six months time.
Purchased units Swish Phones from Pear Technology at $ each includes GST Purchase # Supplier Inv# Issued Cheque No for $ to this supplier for this particular invoice at the time of the purchase.
Issued Cheque No for $includes GST to Discount Office Supplies for the cash purchase of office supplies.
Received Cheque No from Jerry Technology for the full amount outstanding on their account, ID #CR
Issued Cheque No for $ to Big Telco in payment of Purchase #Supplier Inv#
Sold the following items on credit to Hypertronics, Invoice #:
units BG plasma televisions for $ each includes GST
units Tony ZIO MLP projectors for $ each includes GST
$ was received immediately, Cheque No with the rest due to be received during the last week of the month. Note that MYOB automatically assigns ID #CR to this cash receipt.
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