Transactions from early January 2023 (JOURNAL ENTRY FOR myob)

2 Obtained a loan of $13,000 from Uncle Claudio (a family relative of Edgar Pauli) at a simple interest rate of 8% per year, Cheque No. 156, ID #CR000001. The principal and interest on the loan are payable in six months time.

3 Issued Cheque No. 4024 for $1,650 (includes 10% GST) to Discount Office Supplies for the cash purchase of office supplies.

4 Received Cheque No. 246 from Hypertronics for the full amount outstanding on their account,

5 Issued Cheque No. 4026 for $5,599 to Big Telco in payment of Purchase #301 (Supplier Inv#252)

6 Sold the following items on credit to Handys Electronics, Invoice #3295:

• 4 units DK800 desktop computers for $1,210 each (includes 10% GST)
• 3 units Tony ZIO MLP projectors for $2,640 each (includes 10% GST).

$5,200 was received immediately, Cheque No. 606, 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