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How do you enter those transactions? They have to be entered in MYOB 26 V Paid monthly Accounting Fees of $2,200 (including GST) by Cheque
How do you enter those transactions?
They have to be entered in MYOB
26 V Paid monthly Accounting Fees of $2,200 (including GST) by Cheque # 1009 26 Received the telephone bill from Phone Zone for $880.00 (inclusive of GST). This was paid on the same day with Cheque # 1010 A $35.000 business loan was drawn out on this day at a 4.75% p.a interest rate. The loan period is for 7 years. The bank paid the funds directly to the St George business saver account. The loan repayments will commence on the 26th March 2019. Hint: use the existing bank loan account (2-2100) JK Thomas paid the amount owing taking into account any discounts if applicable. The customer paid by EFTPOS A stocktake was done and the results are listed on page 7. Hint: this is a critical thinking transaction which may/may not require an adjustment in the accounts. Process the End of Month entries which were done on Thursday 28th February. Complete the bank reconciliation for the end of February. Refer to pages 8 and 9 for the adiustments and bank statement 26 V Paid monthly Accounting Fees of $2,200 (including GST) by Cheque # 1009 26 Received the telephone bill from Phone Zone for $880.00 (inclusive of GST). This was paid on the same day with Cheque # 1010 A $35.000 business loan was drawn out on this day at a 4.75% p.a interest rate. The loan period is for 7 years. The bank paid the funds directly to the St George business saver account. The loan repayments will commence on the 26th March 2019. Hint: use the existing bank loan account (2-2100) JK Thomas paid the amount owing taking into account any discounts if applicable. The customer paid by EFTPOS A stocktake was done and the results are listed on page 7. Hint: this is a critical thinking transaction which may/may not require an adjustment in the accounts. Process the End of Month entries which were done on Thursday 28th February. Complete the bank reconciliation for the end of February. Refer to pages 8 and 9 for the adiustments and bank statement Step by Step Solution
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