Aster Systems -October 2020 On October 1, 2020. Aster Turane organized a computer service company called Aster Systems Aster is organized as a sole proprietorship and will provide consulting services, computer system installations and custom program development Aster Systems has adopted the calendar year for reporting, and expects to prepare the company's first set of financial statements as of December 31, 2020 The initial chart of accounts for the accounting system includes these temp Account Number Account Account Name Number Account Name 101 Cash 301 Aster Turane, Capital 106 Accounts Receivable 302 Aster Turane 126 Computer Supplies 403 Computer Services Revenue 128 Prepaid Insurance 623 Wages Exper 131 Prepaid Rent 655 Advertising Expe 163 Office Equipment 676 Meage Experse 167 Computer Equipment 684 Repairs Exper Computer 201 Accounts Payable 699 Chartable Donations Expense Part A Required 1. Prepare journal entries to record each of the following October transactions 2. Post the October entries in the Ledger as the account number given above 3. Prepare a trial balance at October 31, 2020 Prepare an income statement and a statement of changes in equity for the month ended October 31, 2020, as well as a balance sheet at October 31, 2020 Oct 1 Aster Turane invested $32,000 cash, a $5.040 computer system, and $12.000 of office equipment in the business 2 Paid six months of rent in advance $9.300 3. Purchased computer supplies on credit for $1,975 from Triple-One Supplies 5 Paid $8.640 cash for one year's premium on a property and latility ince policy 6. Bid Norton Electric $3.300 for installing a new computer system 8 Paid for the computer supplies purchased from Trple-One Supplies 10 Hired Donald Gee as a part-ne assistant for $345 per day as needed 12 Biled Norton Electric another $1.850 for computer services rendered 15 Received $1,850 from Norton Electric on account 17 Paid $375 to repair equipment damaged when moving into the new office 20 Paid $1,950 for an advertisement in the local newspaper 22 Received the balance owing from Norton Electric on accout 28 Biled Whistler Resort $6.400 for services 31 Paid Donald Gee for nine days' work 31 Aster Turane withdrew $1.200 cash from the business for personal use