please andwer all parts listed
CUMULATIVE PROBLEM - Aster Systems This complehensive problem was introducod in Chapter 2 and contions in Chapters 4 and 5 . Wt the Chapter 2 segment has not boen comploted, the assignont can begin at this point CC Problem Ch. 3 - Aster - Check Figures - At a3 -Adj Tral alance Dr. Batance = $85,462 - At 43 - Cash (account 101) =9,174 - At n3 - Computer Supplies (account 126) =480 After the success of its first two months, Aster Turane has decided to continue operating Aster Systems. (The transactions that occurred in these months are described in Chapter 2.) Before proceeding in Decomber. Turane adds these new acoounts to the chart of accounts for the ledger: Required 1. Prepare journal entries to record each of the following transactions for Aster Systems. Post the entries to the accounts in the ledger. Dec. 3 Paid $3,800 to the Kingsway Garden Mat for the company's share of mall advertising costs for Docember. 3 Paid $1,040 to repair the companys computer. 4 Received the balance owing from Kinsetta Groceries. $5,950 10 Paid Donald Gee for eight days' work at the rabe 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 adrance of 53,000 17 Purchased $740 of computer supplies on credi from Triple-One Supplies. 18 Sent a reminder to Dirwoody Entertainment to pay the $4,230 originally recorded on November 8 . 20 Completed a project for Langara Lodge and received $1,100 cash. 24-28 Took the week off for the holidays. 31 Received $1,800 as partial payment from Dinwoody Entertainment. 31 Reimbursed Aster Turane's business automoble expenses of 1,800 kilometres Bt $1.60 per kilometre. 31 Aster Turane withdrew $800 crosh from the businass. 2. Prepare adjusting entries to record the following additional information collected on December 31,2017 . Post the entries to the accounts in the ledger. Dec. 31 a. The December 31 inventory of computer supplies was $480. b. Three months have passed since the annual insurance premium was paid. c. As of the end of the year, Donaid Gee has not been paid for four days of work at the rate of $345 per day. d. The computer equipment is expected to have a five-year life with no residual value. e. The office equipment is expected to have a ten-year life with no residual value. f. Prepaid rent for three of the six months has expired. 3. Prepare an adjusted trial balance as of December 31,2017. 4. Prepare an income statement and statement of changes in equity for the three months ended December 31, 2017. 5. Prepare a balance sheet as of December 31,2017. Chapter 3 Cumulative Problem Part 2 Aster Svstame Name Prenaid Insurance ACCOUNT NO. 128 Q 2016 by McGraw-Hill Education. Working Papers, Chapfer 3 Cumulative Problem Aster Systems nwine Foulinment ACCOUNT NO. 163 ACCOUNT NO. 164 Computer Equipment Accumulated Denreciation. Combuter Eauibment ACCOUNT NO. 168 Unearnod Computer Services Revenue ACCOUNT NO. 236 Aster Turane, Capital ACCOUNT NO. 301 Working Papers, Chapter 3 Cumulative Problem Aster Systems Q 2016 by McGraw-Hill Education. ACCOUNT NO. 302 ACCOUNT NO. 403 ACCOUNT NO. 613 ACCOUNT NO. 637 ACCOIINT NO. 640 Comnitar Sunnlian. Repairs Expense. Comnutar Charitable Donations Expense Chapter3Part3ASTERSYSTCumulativeProblemAsterSystems(Contd.) Adjusted SYSTEMS Adjusted Trial Balance December 31, 2017 Cash Accants Recevable Computer \&upplies. Prepaid Rnsu Office Equrpment. Accumulated depreciation, office Fqurpment computer Equpment Accumulated deon Chapter 3 Cumulative Problem Name Part 4 Aster Systems (Cont'd.) ASTER SYSTEMS Income Statement Part 5 ASTER SYSTEMS Statement of Changes in Equity For Three Months Ended December 31, 2017 Working Papers, Chapter 3 Cumulative Problem Aster Systems 62016 by McGraw-Hill Education. Chapter3Part6CumulativeProblemAsterSystems(Concld.) ASTER SYSTEMS Balance Sheet Docember 31, 2017
