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On October 1, 2017. Aster Turane organized a computer service company called Aster Systems. Aster is organized as a sole proprietorship and will provide consulting

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On October 1, 2017. Aster Turane organized a computer service company called Aster Systems. Aster is organized as a sole proprietorship and will provide consulting services, computer system installations, and custom program development. Aster Systems has adopted the calendar year for reporting, and expects to prepare the company's first set of financial statements as of Oct. 31, 2017. The initial chart of accounts for the accounting system includes these items: Required Please journalize the business transactions and prepare a general ledger for all the accounts. Please prepare the business's trial balance, income statement, statement of change in equity, and balance sheet. Oct 1 Aster Turang invested $46,000 cash, a $16,000 computer system, and $15,000 of office equipment in the business. 2 Paid six months of rent in advance; $9,000. 3 Purchased computer supplies on credit for $1,975 from Triple-One Supplies. 5 Paid 58,640 cash for one year's premium on a property and liability insurance policy. 6 Billed Norton Electric $8,300 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 \$2,000 for an advertisement in the local newspaper. 22 Received the balance owing from Norton Electric on its account. 28 Billed Whistler Resort $6,400 for services. 31 Paid Donald Gee for nine days' work. 31 Aster Turane withdrew $1,200 cash from the business for personal use

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