It is now 7 January 2023

You find a note on your desk from Claudio instructing you to record a list of transactions that occurred during the first week of January as follows:

Transactions from early January 2023
2	Obtained a loan of $17,000 from Uncle Christopher (a family relative of Claudio Meer) at a simple interest rate of 6% per year, Cheque No. 182, ID #CR000001. The principal and interest on the loan are payable in six months time.
3	Received Cheque No. 209 from Pikea for the full amount outstanding on their account, ID #CR000002.
3	Issued Cheque No. 4004 for $1,320 (includes 10% GST) to Discount Office Supplies for the cash purchase of office supplies.
4	Purchased 6 units MX620 notebook computers from Pony at $1,166 each (includes 10% GST), Purchase #327, Supplier Inv#381. Issued Cheque No. 4005 for $3,800 to this supplier for this particular invoice at the time of the purchase.
5	Issued Cheque No. 4006 for $10,802 to Big Telco in payment of Purchase #324 (Supplier Inv#267).
5	Sold the following items on credit to Hypertronics, Invoice #3407: 3 units BG90 plasma televisions for $2,200 each (includes 10% GST) 3 units ZII game consoles for $2,090 each (includes 10% GST). $7,000 was received immediately, Cheque No. 627, with the rest due to be received during the last week of the month. Note that MYOB automatically assigns ID #CR000003 to this cash receipt.

After you have finished recording the above transactions in MYOB, Claudio 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

1. Use MYOB to record the above transactions for Tech Head.
2. Answer all of the questions about MYOB that Claudio asks below.