Perdisco Myob First Transaction PDF

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Perdisco Myob First Transaction...

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First transaction

https://www.perdisco.com/elms/qsam/html/qsam.as

MYOB AccountRight Practice Set Australian Edition 3, Updated for MYOB v19 Bookmark

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Feedback: First transaction This is a feedback page. Please review this page carefully. It includes the original questions along with grading of your responses and detailed feedback. After you have reviewed this feedback page, click Continue at the bottom of this page for the next page of your practice set.

Enter the first transaction into MYOB After assessing your ability to enter your first transaction, Phebe now instructs you to record that same transaction into MYOB. She reminds you that the transaction was: First transaction: On 2 January 2019, Cheque No. 4089 was issued to Office Supplies Warehouse for the purchase of $2,750 worth of equipment. The GST tax code for this transaction is CAP.

Instructions Enter the cash payment transaction into the Spend Money window of MYOB using the model solution shown below. When you have finished recording that transaction, print the trial balance report for Hi-Fi Way as at 2 January 2019 and use that report to complete the current account balances table below.

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Prior to this page On this page

8

8

After this page

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312

84

409

Total

MYOB Learning Centre • •

MYOB Learning Centre Quick reference guide

Information from previous pages • • • •

Welcome page Academic integrity General instructions Navigating your practice set

First transaction

https://www.perdisco.com/elms/qsam/html/qsam.as • • •

Accounting policies and procedures Creating the company file Setup information

Spend Money window Pay from Account: 1-1110 Group with Electronic Payments

Cheque Account

Card: Payee: Office Supplies Warehouse

Balance → $77,642 Tax Inclusive 4089

Cheque no.:

2/01/2019

Date: Amount:

2,750

Two Thousand Seven Hundred FiftyDollars and 0 Cents Memo:Purchase of equipment Acct # 1-3110

Hi-Fi Way

Name Property & Equipment at Cost

Amount 2,750

Total Allocated: Tax:

2,750 250

Total Paid:

2,750

Out of Balance:

0

Job

Memo

Tax CAP

Cheque Already Printed Remittance Advice Delivery Status:

To be Printed

Current account balances as at 2 January 2019 After recording the given transaction in MYOB, you should print the trial balance report for Hi-Fi Way as at 2 January 2019 and use that report to complete the current account balances table below. Account Cheque Account Inventory Property & Equipment at Cost Office Supplies Expense

YTD Debit ($)

YTD Credit ($)

74892

0

112750

0

47500

0

2939

0

Feedback

Current account balances as at 2 January 2019 Account Cheque Account Inventory Property & Equipment at Cost

YTD Debit YTD ($) Credit ($) 74,892

0

112,750

0

47,500

0

First transaction

Office Supplies Expense

https://www.perdisco.com/elms/qsam/html/qsam.as

2,939

0

Specific agreement I agree to record the above transaction for Hi-Fi Way into MYOB and back up my work regularly. I understand that if I do not create a backup file for my work and accidentally lose it, I will have to re-create my company file using the information provided on this page (and all subsequent pages) to be able to continue working on this practice set. I am aware that if I choose not to follow the given instructions, I will not be able to successfully complete the rest of my practice set.

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