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Required 1. Prepare Joumal entries to record each of the following transactions for Aster Systems Por the entries to the accounts in the ledger Dec.

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Required 1. Prepare Joumal entries to record each of the following transactions for Aster Systems Por the entries to the accounts in the ledger Dec. 3 Pald $3,800 to the Kingsway Garden Mall for the company's share of mall advertising costs for December 3 Pald $1,040 to repair the company's computer. 4 Recelved the balance owing from Kinsetta Groceries 10 Pald Donald Gee for eight days work at the rate of $345 per day. 14 Notified by Kinsetta Groceries that Astor's bid of $6,500 on a proposed project was accepted. Kinsetta pald an advance of $3,000. 17 Purchased $740 of computer supplies on credit from Triple-Ono Supplies 18 Sent a reminder to Dinwoody 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 Astor Turano's business automobilo expenses of 1,800 Hlometres at $1.50 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, 2020. 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 waspald. C. As of the end of the year, Donald Gee has not been pald 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 6. The office equipmont is expected to have a ten-year life with no 13 residual value f. Prepaid rent for three of the six months has expired 5 06 3. Prepare an adjusted trial balance as of December 31, 2020, 4. Prepare an income statement and statement of changes in equity for the three months ondod Docomber 31, 2020 59 5 Prepare a balanco shoot as of December 31, 2020

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