THIS IS FROM MYOB PRACTICE SET PREDISCO- This is the first time I'm doing, please tell me how to record each of those transactions in MYOB account rightv19 (Australia)

On 2 January 2019, Maria issued Cheque no. 4068 to Office Supplies Warehouse for the purchase of $1,650 (includes 10%
GST) worth of equipment. The GST tax code for this transaction is CAP.

Transactions from early January 2019
2 Old description: Purchased 9 units Mieca camera lenses from Pony at $792 each (includes 10% GST), Purchase
#305, Supplier Inv#170. Issued Cheque No. 4067 for $3,900 to this supplier for this particular invoice at the time
of the purchase.
Correct description: Purchased the following items from Moon Megasystems, Purchase #305, Supplier Inv#170:
9 units Mieca camera lenses at $792 each (includes 10% GST)
8 units BlueBerry phones at $1,232 each (includes 10% GST).
Issued Cheque No. 4067 for $3,900 to this supplier for this particular invoice at the time of the purchase.

2 Obtained a loan of $19,000 from Uncle Peter (a family relative of Maria Chadwick) at a simple interest rate of 8%
per year, Cheque No. 199, ID #CR000001. The principal and interest on the loan are payable in six months time.

3 Issued Cheque No. 4069 for $1,430 (includes 10% GST) to Discount Office Supplies for the cash purchase of office
supplies.

4 Issued Cheque No. 4070 for $7,656 to Mega Tech in payment of Purchase #302 (Supplier Inv#238).

4 Received Cheque No. 215 from Pikea for the full amount outstanding on their account, ID #CR000002.

6 Sold the following items on credit to Jerry Technology, Invoice #3023:

2 units BG90 plasma televisions for $2,530 each (includes 10% GST)

5 units Swish Phones for $2,640 each (includes 10% GST).
$8,800 was received immediately, Cheque No. 608, 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.
Note: Remember that you were asked to create a deposit slip on 7 January 2019 to record all cheques received from 1
January to 6 January inclusive, ID #CR000004.

Transactions from mid-January 2019
8 Purchased 9 units BG90 plasma televisions from Mega Tech at $1,661 each (includes 10% GST), Purchase #306,
Supplier Inv#183.
8 Made a cash sale to Jerry Technology, Invoice #3024 for the following items:
5 units BG90 plasma televisions for $2,530 each (includes 10% GST)
3 units BlueBerry phones for $1,870 each (includes 10% GST).
Received Cheque No. 613 for $18,260 from this customer. Note that MYOB automatically assigns ID #CR000005 to
this cash receipt.
13 Received a purchase order from Turbo Tech, Customer PO#7344, Invoice #3025. The following items are required
to be shipped by 24 January 2019:
9 units BG90 plasma televisions at $2,530 each (includes 10% GST)
16 units Mieca camera lenses at $1,210 each, (includes 10% GST).
15 Purchased 5 units Swish Phones from Mega Tech for a list price of $1,771 each (includes 10% GST), Purchase #307,
Supplier Inv#419. Issued Cheque No. 4071 for the full payment of this purchase.
15 Issued Cheque No. 4072 for $5,500 (includes 10% GST) to pay Advanced Property Management for three month's
worth of rent in advance.
17 Sold merchandise on credit to Pikea, Invoice #3026. The items sold were:
3 units BlueBerry phones for $1,870 each (includes 10% GST)
7 units Swish Phones for $2,640 each (includes 10% GST).

10/9/2019 Transactions list (to 31 January)


17 Ordered 5 units Mieca camera lenses for $792 each (includes 10% GST), from Pony, Purchase #308, Supplier
Inv#SO317.
20 Received 5 units Mieca camera lenses, Purchase #308. These items were ordered from Pony for $792 each (includes
10% GST), Supplier Inv#SO317.
Note: Remember that you were asked to create a deposit slip on 21 January 2019 to record all cheques received from 7
January to 20 January inclusive, ID #CR000006.
Transactions from late January 2019
24 Sold items on credit to Turbo Tech. Some of these items were previously ordered on 13 January, Customer
PO#7344. Forwarded Invoice #3025 and delivered the following items to Turbo Tech:
9 units BG90 plasma televisions for $2,530 each (includes 10% GST)
16 units Mieca camera lenses for $1,210 each (includes 10% GST)
2 units Swish Phones for $2,640 each (includes 10% GST).

24 Returned 4 faulty BG90 plasma televisions that were purchased on 8 January (original Purchase #306) for $1,661
each (includes 10% GST). The reference number for this purchase return is Purchase #309. Mega Tech authorised
the return and issued credit note Supplier Inv#VCM0001 which is to be applied to Invoice No. 183.

25 Pikea returned 2 units BlueBerry phones that were originally purchased on 17 January, for $1,870 each (includes
10% GST) original Invoice #3026. Maria issued a credit note (negative invoice) #3027 for the return of the above
items and applied that credit note to the original invoice.

29 Issued Cheque No. 4073 to Mega Tech for the full balance outstanding on the account.
31 Received Cheque No. 616 from Jerry Technology in full payment of Invoice No. 3020, ID #CR000007.
31 Issued Cheque No. 4074 for $2,720 to pay for the current month's salary of the sales consultant. The base salary
for the month was $3,200 and Maria calculated the Pay-As-You-Go (PAYG) tax withheld using a new tax table as
$480. No other taxes or allowances applied.
31 Issued Cheque No. 4075 for $2,890 to pay for the current month's salary of the accountant. The base salary for the
month was $3,400 and Maria calculated the Pay-As-You-Go (PAYG) tax withheld using a new tax table as $510. No
other taxes or allowances applied.
31 Issued Cheque no. 4076 for the amount of $1,870 (includes 10% GST) to PowerGen for payment of the electricity
bill for the current month.
31 Paid $1,760 (includes 10% GST) to Vopstra for the current month's phone bill, Cheque no. 4077.
31 Issued Cheque No. 4078 for $230 to BitiBank for the current month's interest on bank loan (use the FRE tax code).
Note: Remember that you were asked to create a deposit slip on 31 January 2019 to record all cheques received from
21 January to 31 January inclusive, ID #CR000008.

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