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 $2024$

$2$ Obtained a loan of $$16,000$ from Uncle Sebastian $($a family elative of Alonso Cohen$)$ at a simple

interest rate of $12\%$ per year, Cheque No$.188,$ ID #CR$000051.$ The principal and interest on the

loan are payable in six months time.

$3$ 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

#CR$000002.$

$3$ Issued Cheque No$.4006$ for $$1,980($includes $10\%$ GST$)$ to Discount Office Supplies for the cash

purchase of office supplies.

$4$ 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.

$5$ 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 #CRO$00003$ to this cash

receipt.

After you have finished recording the above transactions in MYOB, Alonso asks you to use the MYOB

Bank Register to find out about the current balance of the Undeposited Funds account. He also tells you

that he has additional questions for you to answer about your use of MYOB.

Instructions

Use MYOB to record the above transactions for The Digital Village.

Answer all of the questions about MYOB that Alonso asks below.

CAN YOU PLEASE PROVIDE STEP BY STEP ON HOW TO RECORD EACH TRANSACTION INTO MYOB ACCOUNTS RIGHT V$19$

THANK YOU