File Home Insert Page Layout Formulas Data Review View Help iPROTECTED VIEW This file has been verified by Microsoft Defender Advanced Threat Protection and it hasn't detected any threats. If you need to edit this file, click enable editing. E109 X fx A B C D E F G H J K L M N 1 CUMULATIVE PROBLEM - Aster Systems (Perpetual) 2 3 The first three segments of this comprehensive problem were presented in Chapters 2, 3, and 4. If 4 those segments have not been completed, the assignment can begin at this point. However, you 5 should use the Working Papers that accompany this text because they reflect the account balances 6 that resulted from posting the entries required in Chapters 2, 3, and 4. 7 8 Earlier segments of this problem have described how Aster Turane created Aster Systems on 9 October 1, 2020. The company has been successful, and its list of customers has started to grow. 10 To accommodate the growth, the accounting system is ready to be modified to set up separate 11 accounts for each customer. The following list of customers includes the account number used for 12 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 17 Customer Account 18 Kinsetta Groceries 19 Gillette Industries 20 Norton Electric 21 Whistler Resort 22 Starburst Inc. 23 Dinwoody Entertainment 24 Sharp Co. 25 Lendrum Sales 26 Fashion Incorporated 27 Dec. 31 No. Balance 106.1 0 106.2 0 106.3 0 106.4 2,200.00 106.5 0 106.6 2,430.00 106.7 0 106.8 0 106.9 0 28 In response to frequent requests from customers, Aster Turane has decided to begin selling computer 29 software. The company will extend credit terms of 1/10, n/30 to customers who purchase 30 merchandise. No cash discount will be available on consulting fees. The following additional accounts 31 were added to the General Ledger to allow the system to account for the company's new 32 merchandising activities: 22 Ready V1_AsterSystems_Ch5_Question (+ Enable Editing Comments Share P R S T U x 100%