Ch2 - Aster Systems CUMULATIVE PROBLEM - Aster Systems On October 1, 2017. Aster Turnerid a computer service company called Autor Systems Asterisered as a sole proprietorship and will provide consulting service.com system nations, and custom program development. Asker Systems has acepted the calendar year for reporting, and expect to prepare the companya first set of racial toont as of Oct 31, 2017. The charts for their des the Acco 100 100 300 400 Cash Reciwy Gone Sacoles Produrance Arcs Name Trans, WENN Corios Revenue Wages Expo Renter 656 163 167 56 Este Gument mated Depo Punts Pay Essen Mag Repars Esponse. Complet Deprecationen 301 100 Required for the longestion Please do al tenterres Belone you wer your guestions The corected the computer and loquments par There is no reditul vote for all per Mascherine erhed for the deposite out te Tirane invertid AS ...20 ore emne $15.000 forint 2 Pads of an inte 12.000 Pathaned compete on credit for 3571 from one pie oly Bited Nation Electre 300 er grew.com Paid for the compared from Trio Ore Suppe 10 Hred Donald Gueste 45 per 12 ore Decret. Wir 15 Received $1,450 from Norton Elections account 17 P $375 to par dana when mange new 20 Pad 10 for andre me 22 Received the wings 23 Wiler Resort 59,400 ore 1 Pad Donald Gee for nine day wont 31 www1.200 chrome se for personal use. 12:20 01. What is the balance of total current assets at the month end? Q2. How much is the advertising expense is this month? Q3. What is the balance of total liabilities and equity at the month end? Q4. What is the balance of prepaid insurance account at the month end? Q5. What is the balance of accounts receivalbe at the month end? Q6. How much is the net income is this month? 07. How much is the wage expense is this month? Q8. How much is the total expense is this month? 09. What is the balance of the computer supplies account at the month end? Q10. What is the net value of the office equipment account at the month end? 12:03 1 k Version 2.xlsx CH2 - Aster Systems CUMULATIVE PROBLEM - Aster Systems Ob 20. 20 The CH SS. w w Ger 12:20 01. What is the balance of total current assets at the month end? Q2. How much is the advertising expense is this month? Q3. What is the balance of total liabilities and equity at the month end? Q4. What is the balance of prepaid insurance account at the month end? Q5. What is the balance of accounts receivalbe at the month end? Q6. How much is the net income is this month? 07. How much is the wage expense is this month? Q8. How much is the total expense is this month? 09. What is the balance of the computer supplies account at the month end? Q10. What is the net value of the office equipment account at the month end? 12:26 4 Version 2.xlsx ht Account Name Er Cash Accounts Receivable Computer Supplies Prepaid Insurance Prepaid Rent Office Equipment Computer Equipment Accumulated Depreciation Accounts Payable Aster Turane, Capital Account Account Na Number 302 Aster Turane, Withdrawi 403 Computer Services Revi 623 Wages Expense 625 Rent Expense 626 Insurance Expense 655 Advertising Expense 676 Mileage Expense 684 Repairs Expense. Come 698 Depreciation Expense 699 Charitable Donations Ex Please anwser all MCQ based on the following business transactions. Please do all adjustment entries before you anwer your MCQ questions. The expected useful life of computer system and office equipment are 5 ye There is no residual value for all equipments Please use the straight-line method for the depreciation 1 Aster Turane invested 545,000 cash, a 19.200 computer system, and $15,000 of office equipment in the business 2 Paid six months of rent in advance: 512,000 3 Purchased computer supplies on credit for $1.975 from Triple-One Supplie 5 Paid $8,640 cash for one year's premium on a property and liability insura policy 6 Billed Norton Electric $6,300 for installing a new computer system. 8 Paid for the computer supplies purchased from Triple-One Supplies 10 Hired Donald Gee as a part-time assistant for $345 per day, as needed 12 Billed Norton Electric another $1,850 for computer services rendered. 15 Received $1.650 from Norton Electric on its 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 its account. 28 Billed Whistler Resort $9.400 for services. 31 Paid Donald Gee for nine days' work. 31 Aster Turane withdrew $1,200 cash from the business for personal use