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Comprehensive Assignment #1 Possible Marks: 40 Weight of Final Mark: 5% Aster Systems ACCT 1010 Winter 2022) Due Date/Time: Friday, February 25, 2022 by
Comprehensive Assignment #1 Possible Marks: 40 Weight of Final Mark: 5% Aster Systems ACCT 1010 Winter 2022) Due Date/Time: Friday, February 25, 2022 by 5:00pm After the success of its first two months, Aster Turane has decided to continue operating Aster Systems. Before proceeding in December, Turane adds these new accounts to the chart of accounts for the ledger Account Name Accumulated Depreciation, Office Equipment Accumulated Depreciation, Computer Equipment Wages Payable Account Number 164 168 210 236 612 613 637 640 Rent Expense Unearned Computer Services Revenue Depreciation Expense, Office Equipment Depreciation Expense, Computer Equipment Insurance Expense See the Appendix for the complete Chart of Accounts The following is a list of transactions events during the month of December 2020. Date Dec. 3 Details Paid $3,800 to the Kingsway Garden Mall for the company's share of mall advertising costs for December. 3 Paid $1,040 to repair the company's computer. 4 Received the balance owing from Kinsetta Groceries. 10 Paid Donald Gee for eight days' work at the rate of $345 per day. 14 Notified by Kinsetta Groceries that Aster's bid of $6,500 on a proposed project was accepted. Kinsetta paid an advance of $3,000. 17 Purchased $740 of computer supplies on credit from Triple-One 18 Supplies Sent a reminder to Dinwoody Entertainment to pay the $4,230 originally recorded on November 8. Completed a project for Langara Lodge and received $1,100 cash. 20 24-28 Took the week off for the holidays. 31 31 Received $1,800 as partial payment from Dinwoody Entertainment. Reimbursed Aster Turane's business automobile expenses of 1,800 kilometres at $1.60 per kilometre. Aster Turane withdrew $800 cash from the business.
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