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Hi , I need help entering these transactions in Sage 50. thank you...

Hi , I need help entering these transactions in Sage 50.

thank you in advance


Memo #1 Dated July 7, 2022

Welding supplies used during the past week amounted to $24. Adjust welding supplies account and charge to Welding supplies used expense account. Store as weekly recurring entry.


Bank Memo # PB-77225 Dated July 8, 2022

From Paylo Bank, $1,600 for NSF cheque from Wacky Welding. Reference invoice #108 and cheque #239. The company has been notified of the unpaid account.


Memo #2 Dated July 8, 2022

Adjust Sales Invoice #122 to Flamer's Steel. Flamer's Steel will be using our services on a weekly basis so their rate will be reduced. The amount billed should be reduced to $400 plus $52 HST. Store the sales invoice as a weekly recurring transaction.


Memo #3 Dated July 8, 2022

Chris's welding tank exploded when a customer accidentally dropped it. Write off the welding tool equipment recorded in account # 1480 valued at $750. Create new Group expense account 5100 Damaged Tools.


Bank Debit Memo #PB-77386 Dated July 8, 2022 From Payblo Bank,

pre-authorized bi-weekly payroll for employees. Wages and payroll expenses $6,000.00 Payroll services fee 80.00 HST paid on payroll services 10.40 Total withdrawal $6,090.40

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