please fill out the statement of changes in equity and the balance sheet
CUMULATIVE PROBLEM - Aster Systems This comprehonsive problem wis introduced in Chaptor 2 and contrues in Chaptors 4 and 5 . if the Chapler 2 segment has not been comploted the assignment can begit at this point. CC Problem Ch. 3 - Aster-Check Figures - At H3-Aci. Trial Blalance Dr. Balance =$85,462 - At n3 Cash ( account 101)=9,174 - At n3-Computer Supplies (account 126) =480 After the success of its first two monthis, Aster Turane has decided to continue operasing Aster Systems. (The transactions that occurrod in these months are descrbed in Chapter 2.) Before proceeding in December. Turane adds these new acoounts to the chart of accounts for the lodger: Required 1. Prepare journal entries to rocord each of the following transactions for Aster Systems. Post the entries to the accounts in the ledger. Deo. 3 Paid $3,800 to the Kingsway Garden Mall for the company's share of mall eadvertising costs for December. 3. Paid $1,040 to repair the oompany's oomputer. 4 Recoived the baiance owing trom Kinselta Groceries. 55,950 10 Paid Donald Gee for eight days' work at the rale of 5345 per dsy. 14 Notified by Ksnisette Groceries that Aster's bid of 56,500 on a proposed projoch was accepted Kinserta pald an advance of 53,000 . 17 Purchased $740 of computer supplies on crudit 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 $1,100cash. 2428 Took the week off for the holidays. 31. Received $1,800 as partial payment from Dinwoody Entertainment. 31. Reimbursed Aster Turane's business automobile expenses of 1.800 kilomatres at $1.60 per klometre. 31 Aster Turane withdrew $800 cash from the business: 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, Donald 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. Working Papers, Chapter 3 Cumulative Problem Aster Systems Part2CumulativeProblemAsterSystems(Contd.) Name ACCOUNT NO. 163 Computer Equipment ACCOUNT NO. 167 Comnuter Serviche Revanua ACCOUNT NO. 403 Ineirance Exnense ACCOUNT NO. 637 ACCRUNT NO. 652 Rebairs Exnense. Comnuter ACCOUNT NO GRA Charitable Donations Expense \begin{tabular}{ll} Chapter3Part3AsterSystems(Contd.)CumulativeProblem \\ \hline \end{tabular} Page 17 ASTER SYSTEMS Adjusted Trial Balance December 31, 2017 Cash Accants Recevable Computer supplies Prepaid Insurance Prepaid Rent Prepaid Rent Accumutated depre computer Fquprnent Accumulated depr fccauts payable limges payado unearned Computer Senvice Reven Aster turane, capital Aster turane, withdrowis Computer senvicas Revenue. Deprecalion expense, office eavioment Depreciation E-k Whiger expense insucanae ever computer Bupelies expense Aduertising Fapense mileaac elaonse Charitalde donations Expense Repains expense, computter Totals Chapter3Part4CumulativeProblemAsterSystems(Contd.) ASTER SYSTEMS Part 5 ASTER SYSTEMS Statement of Changes in Equity For Three Months Ended December 31, 2017 Chapter 3 Cumulative Problem Name
