CUMULATIVE PROBLEM - Aster Systems (Perpetual) The first three segments of this comprehensive problem were presented in Chapters 2, 3 , and 4 . If those segments have not been completed, the assignment can begin at this point. However, you should use the Working Papers 1 that accompany this text because they reflect the account balances that resulted from posting the entries required in Chapters 2, 3, and 4. Earlier segments of this problem have described how Aster Turane created Aster Systems on October 1, 2020. The company has been successful, and its list of customers has started to grow. To accommodate the growth, the accounting system is ready to be modified to set up separate accounts for each customer. The following list of customers includes the account number used for each account and any balance as of the end of 2020. Wilson decided to add a fourth digit with 13 a decimal point to the 106 account number that had been used for the single Accounts 14 Receivable account. This modification allows the existing chart of accounts to continue being 15 used. The list also shows the balances that two customers owed as of December 31,2020 : 16 28 in response to frequent requests from customers, Aster Turane has decided to begin selling computer 29 sollware. The company will extend cravit toms of 1/10. n/30 to customers who purchase (1) SCOURT WARNING Autanatisaadnte ef lris has been dirabliad Erable Content Required 53. 1 Prepare joumal entnes to record each of the following transactions for Aster Systems, 54 a perpetial sysiem 55 Ian. 4 Paid Donaid Gee for two days at the rate of $345 per day, 57. In addion to the four unpaid days thom the prior year. 15 Phaid 5375 for treyght chargns con 20 merchunds 17. Paid Lescor for the puichase an amasy 1 . 20 Startuirst he. retimed 5600 ct oetertire metchlangse toon is perehase on 22 fecelved the balance due tom sovourti ne. 26 Puictised s1e poo ut E 2. Post the joumal entries to the accounts in the company's General Ledger. (Use asset, labwily. and equaly accounts that start with bakances as of December 31, 2020) 3. Prepare a partai wock sheet conseting of the frit sax columns showng the unadustod trial balance, the March 31 adustments described in (a) through (g) besow, and the adjusted friaf baiance. Do not prepare closing entries and do not foumakize the acfusting entrics or post them to 2 the iedger a The March 31 coequster supplies on hand is $160. b. Thiee more moniths have passed since the conpany purchased the anneat insurance policy at the cost of $8,640 c. Donala Gee has not betn paid for three dias of work d. Thiee moniths hive passed since any prepad rent cost has been transferred to eqpense. The monthy rent is 51,560 . e. Deprectaton on the computer for Lenuay eroogh March is 5252 : T. Depreciabon on the oftce equipment tox Lahuay through March is $300. g. The Masch 31 eventory of nerthandse is $3330 124.4 Prepare an interim singe-strp income stasesent far the thice months ended March 31,2021 . t25 List al expenses without diflerentiating between seing epenses an generat and administrative 126 expenses 127 1265. Piepaie an interim staterment of changes n equay tor the three months ended March 31.2021. CUMULATIVE PROBLEM - Aster Systems (Perpetual) The first three segments of this comprehensive problem were presented in Chapters 2, 3 , and 4 . If those segments have not been completed, the assignment can begin at this point. However, you should use the Working Papers 1 that accompany this text because they reflect the account balances that resulted from posting the entries required in Chapters 2, 3, and 4. Earlier segments of this problem have described how Aster Turane created Aster Systems on October 1, 2020. The company has been successful, and its list of customers has started to grow. To accommodate the growth, the accounting system is ready to be modified to set up separate accounts for each customer. The following list of customers includes the account number used for each account and any balance as of the end of 2020. Wilson decided to add a fourth digit with 13 a decimal point to the 106 account number that had been used for the single Accounts 14 Receivable account. This modification allows the existing chart of accounts to continue being 15 used. The list also shows the balances that two customers owed as of December 31,2020 : 16 28 in response to frequent requests from customers, Aster Turane has decided to begin selling computer 29 sollware. The company will extend cravit toms of 1/10. n/30 to customers who purchase (1) SCOURT WARNING Autanatisaadnte ef lris has been dirabliad Erable Content Required 53. 1 Prepare joumal entnes to record each of the following transactions for Aster Systems, 54 a perpetial sysiem 55 Ian. 4 Paid Donaid Gee for two days at the rate of $345 per day, 57. In addion to the four unpaid days thom the prior year. 15 Phaid 5375 for treyght chargns con 20 merchunds 17. Paid Lescor for the puichase an amasy 1 . 20 Startuirst he. retimed 5600 ct oetertire metchlangse toon is perehase on 22 fecelved the balance due tom sovourti ne. 26 Puictised s1e poo ut E 2. Post the joumal entries to the accounts in the company's General Ledger. (Use asset, labwily. and equaly accounts that start with bakances as of December 31, 2020) 3. Prepare a partai wock sheet conseting of the frit sax columns showng the unadustod trial balance, the March 31 adustments described in (a) through (g) besow, and the adjusted friaf baiance. Do not prepare closing entries and do not foumakize the acfusting entrics or post them to 2 the iedger a The March 31 coequster supplies on hand is $160. b. Thiee more moniths have passed since the conpany purchased the anneat insurance policy at the cost of $8,640 c. Donala Gee has not betn paid for three dias of work d. Thiee moniths hive passed since any prepad rent cost has been transferred to eqpense. The monthy rent is 51,560 . e. Deprectaton on the computer for Lenuay eroogh March is 5252 : T. Depreciabon on the oftce equipment tox Lahuay through March is $300. g. The Masch 31 eventory of nerthandse is $3330 124.4 Prepare an interim singe-strp income stasesent far the thice months ended March 31,2021 . t25 List al expenses without diflerentiating between seing epenses an generat and administrative 126 expenses 127 1265. Piepaie an interim staterment of changes n equay tor the three months ended March 31.2021