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Transactions from early May 2017 May 1 Obtained a loan of $17,000 from Uncle Oswald (a family relative of Rinaldo Jensen) at a simp interest rate of 10% per year, Check No. 130, Receipt No. 6422. The principal and interest on the loan are payable in six months time. May 2 Received Check No. 206 from Radio Hut for the full amount outstanding on their account, Receipt No. 6423. May 2 Issued Check No. 4009 for $1,390 to Discount Ofce Supplies for the purchase of office supplies. May 4 Purchased 8 units Tony ZIO MLP projectors from Mega Tech at $1,420 each, Invoice No. 848. Issued Check No. 4010 for $5,200 to this supplier at the time of the purchase. May 5 Sold the following items on credit to Handys Electronics, Invoice No. 3059: o 3 units DKBOO desktop computers for $1,700 each plus 5% sales tax 0 5 units Zii game consoles for $1,300 each plus 5% sales tax. $3,500 was received immediately, Check No. 636, with the remainder due to be received in 30 days time. May 6 Issued Check No. 4011 for $8,534 to Big Telco in payment of Invoice No. 787. After you have finished recording the above transactions in Sage 50, Rinaldo asks you to create a bank deposit ticket dated May 7, 2017 and enter the checks received during the first week of May into that deposit ticket. He also tells you that he has additional questions for you to answer about your use of Sage 50. Instructions 1. Use Sage 50 to record the above transactions for Intermaweb Computer. Note that: o For each check received by the business, the check number is to be recorded in the Reference eld of the Receive Money window. 0 When recording purchase invoices in the Purchases/Receive Inventory window, you must enter the check number of each check issued (at the time of the purchase) in the Reference eld of that window. 2. Create a bank deposit ticket as of May 7, 2017 (Deposit Ticket ID 1) in Sage 50 and include all of the checks received during the rst week of May into that deposit ticket. 3. Answer the questions about Sage 50 that Rinaldo asks you below. Questions on Sage 50