hi how do we record this in MYOB. Please help me    Transactions from early January 2021   2 Obtained a loan of $14,000 from Uncle Oliver (a family relative of Beatrice Reed) at a simple interest rate of 10% per year, Cheque No. 145, ID #CR000001. The principal and interest on the loan are payable in six months time. 3 Received Cheque No. 227 from Pikea for the full amount outstanding on their account, ID #CR000002. 4 Issued Cheque No. 4098 for $10,065 to Mega Tech in payment of Purchase #303 (Supplier Inv#230). 4 Purchased 9 units MePod multimedia players from Pony at $979 each (includes 10% GST), Purchase #306, Supplier Inv#328. Issued Cheque No. 4099 for $3,900 to this supplier for this particular invoice at the time of the purchase. 4 Issued Cheque No. 4100 for $1,320 (includes 10% GST) to Discount Office Supplies for the cash purchase of office supplies. 6 Sold the following items on credit to Jerry Technology, Invoice #3284: 3 units BG90 plasma televisions for $1,210 each (includes 10% GST) 4 units Swish Phones for $2,530 each (includes 10% GST). $7,400 was received immediately, Cheque No. 644, 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.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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hi how do we record this in MYOB. Please help me 

 

Transactions from early January 2021

 
2 Obtained a loan of $14,000 from Uncle Oliver (a family relative of Beatrice Reed) at a simple interest rate of 10% per year, Cheque No. 145, ID #CR000001. The principal and interest on the loan are payable in six months time.
3 Received Cheque No. 227 from Pikea for the full amount outstanding on their account, ID #CR000002.
4 Issued Cheque No. 4098 for $10,065 to Mega Tech in payment of Purchase #303 (Supplier Inv#230).
4 Purchased 9 units MePod multimedia players from Pony at $979 each (includes 10% GST), Purchase #306, Supplier Inv#328. Issued Cheque No. 4099 for $3,900 to this supplier for this particular invoice at the time of the purchase.
4 Issued Cheque No. 4100 for $1,320 (includes 10% GST) to Discount Office Supplies for the cash purchase of office supplies.
6 Sold the following items on credit to Jerry Technology, Invoice #3284:
  • 3 units BG90 plasma televisions for $1,210 each (includes 10% GST)
  • 4 units Swish Phones for $2,530 each (includes 10% GST).
$7,400 was received immediately, Cheque No. 644, 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.
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issued cheque no 4026 for 5400 to this supplier for the invoice at the time of purchase

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  • 3 units BlueBerry phones for $1,210 each (includes 10% GST)
  • 5 units MX620 notebook computers for $2,530 each (includes 10% GST).

Received Cheque No. 627 for $16,280 from this customer. Note that MYOB automatically assigns ID #CR000005 to this cash receipt. 

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