CUMULATIVE PROBLEM - Ballister Systems On October 1, 2020. Bollister Dorth organized a computer service company called Blister Some organised as propers and will provide consulting Service.computer system installations and custom program development. Dorth has adoled the calendar year for reporting, and expect to prepare the company's first set of financial statements December 31, 2020 The initial chart of accounts for the accounting system includes theseem Account Number Account Name Cash Accounts Recewa Computer Supplies Prepaidance 131 163 Orice Equipment 167 Computer Equipment Accounts Payable Account Account Name Number Dorth Bor Dort, WOODS Computer Services Reverse Woes Le 655 Advertising Experte Minape Expense 654 Hepar sponse. Computer Charitable Donanons Expense Part A Required 1. Set up balance columns based on the chart of counts provided 2. Prepare jumal tries to record cach of the following October transactions 3. Post the terms 4. Prepare a trial br.2000 5. Prepare an increme strement and a statement of changes in equity for the motheaded October 31, 2030, as well as a balance sheet at October 31, 21:30 Oct 1 Balister Dorth invested 540.000 cash and computer system valued at and 13.020 of office equipment in the business 2 Paid six months of rent in advance $13.500 3 Purchased computer supplies on credit for $3,745 from Staples Supplies 5 Paid 12.220 ch for one year's presum on a property and were 6 Bited Silicon Manufacturing $7,050 for intelling a new computer system and providing Ston's employees with training Paid for the computer supplies purchased from Staples Supplies 10 Hired Tish Duresh as a partire assistant for 5310 per day, as needed. 12 Biled Shon Manufacturing another 51,345 for computer service rendered 15 Received $2.500 from Ston Manufacturing on the account 17 Paid to represent damaged when moving into the 20 Paid 1.330 for an advertisement in the local news 22 Received the balance wing from Son Manding on its cont 28 Biled Marine 589.340 for services. 31 Pad Trish Duren for 15 yework 31 Ballister Dorth wedrew $2.500 cash from the business for personal use. Part B Required 6. Prepare jumal entries to record each of the following November transactions 7. Post the November entries & Prepare a tral Balance at November 30, 2020 9. Prepare an income statement and a statement of changes in equity for the tao months ended November 30, 2020, as well as a balance sheet at vender 30, 2020 Now 1 Reimbursed Blister Doris business automobile expense for 740 kilometres at $2.0 per kilometre 2 Received $4.970 cash from Langara Lodge for computer services completed today 5 Purchased 51.684 of computer supplies for cash from Staples Supplies Biled Blackhet Adventures 53.500 or computer Services rendered 13 Notified by Everest Entertainment that B7450 upcoming project was accepted 15 Received 54,000 from Martine Inc. against the bill dated October 21 22 Donned $1.500 to World Vision in the company's name 24 Completed work for Everest Entertainment and went abil for the agreed amount 25 Sent another but to Martine line for the past due mount of 56.340 23 Reimbursed Bite Dots business tomobile aperte for 1.220 Wilometres a $2.05 per kilometre 30 Paid Trish Dureth for 22 yework 30 Ballister Dorth withdrew $2.500 cash from the business for personal use. CUMULATIVE PROBLEM - Ballister Systems On October 1, 2020, Ballister Dorth organized a computer service company called Ballister Systems. Ballister is organized as a sole proprietorship and will provide consulting services, computer system installations, and custom program development. Dorth 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 items: 126 Account Account Name Number 101 Cash 106 Accounts Receivable Computer Supplies 128 Prepaid Insurance 131 Prepaid Rent 163 Office Equipment 167 Computer Equipment Accounts Payable Account Account Name Number 301 Ballister Dorth, Capital 302 Ballister Dorth, Withdrawals 403 Computer Services Revenue 623 Wages Expense 655 Advertising Expense 676 Mileage Expense 684 Repairs Expense, Computer 699 Charitable Donations Expense 201 Part A Required 1. Set up balance column accounts based on the chart of accounts provided. 2. Prepare journal entries to record each of the following October transactions 3. Post the October entries. 4. Prepare a trial balance at October 31, 2020. 5. 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 Ballister Dorth invested $40,000 cash, a used computer system valued at $4,080, and $13,020 of office equipment in the business. 2 Paid six months of rent in advance: $13,500. 3 Purchased computer supplies on credit for $3,745 from Staples Supplies. 5 Paid $12,240 cash for one year's premium on a property and liability insurance policy 6 Billed Stilton Manufacturing $7,050 for installing a new computer system and providing Stilton's employees with training. 8 Paid for the computer supplies purchased from Staples Supplies. 10 Hired Trish Duresh as a part-time assistant for $310 per day, as needed. 12 Billed Stilton Manufacturing another $1,345 for computer services rendered. 15 Received $2,500 from Stilton Manufacturing on its account. 17 Paid $980 to repair equipment damaged when moving into the new office. 20 Paid $1,330 for an advertisement in the local newspaper. 22 Received the balance owing from Stilton Manufacturing on its account. 28 Billed Maritime Inc. $10,340 for services. 31 Paid Trish Duresh for 15 days' work. 31 Ballister Dorth withdrew $2,500 cash from the business for personal use