After the success of its first two months, Aster Turane has decided to continue operating Aster Systems. (The transactions that ocourred in these months are described in Chapter 2.) Before proceeding in December, Turane adds these new accounts to the chart of accounts for the ledger: Required 1. Prepare joumal entries to record each of the following transactions for Aster Systems. Post the entries to the accounts in the ledger. Dec. 3 Paid $3,800 to the Kingsway Garden Mall for the company/s share of main advertising costs for Docember 3 Paid 51,040 to repair the company's compuler. 4 Received the balance owing from Kinsetta Groceries. $5,950 10 Paid Donald Gee for eight days' work at the rate of $345 pet day. 14 Notified by Kinselta Groceries that Aster's bid of $6,500 on a proposed project was accepted. Kinsetta paid an advance of $3,000. 17 Purchaned $740 of computer supplies on credit trom Triple-One Supples. 18 Sent a reminder to Dinwoody Entertainment to pay the $4,230 oniginally reoorded on November 8 . 20 Completed a project for Langara Lodge and received $1,100cash. 24-28. Took the week off for the holidays. 31. Roceived $1,800 a5 partial payment from Dinwoody Enteitainment. 31 Reimbursed Aster Turane's businuss autornobile expenses of 1.800 kiometres at $1.60 per kilometre. 31 Aster Turane withdrew $800 cash from the business: 2. Prepare adjusting entries to record the following additional information collected on December 31,2017 . Post the entries to the accounts in the ledger. Dec. 31 a. The December 31 inventory of computer supplies was $480. b. Three months have passed since the annual insurance premium was paid. c. As of the end of the year, Donald Gee has not been paid for four days of work at the rate of $345 per day. d. The computer equipment is expected to have a five-year life with no residual value. e. The office equipment is expected to have a ten-year life with no residual value. f. Prepaid rent for three of the six months has expired. 3. Prepare an adjusted trial balance as of December 31,2017. 4. Prepare an income statement and statement of changes in equity for the three months ended December 31,2017. 5. Prepare a balance sheet as of December 31, 2017