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SERIAL PROBLEM - Aster Systems This comprehensive problem starts in this chapter 2 and continues in Chapters 3, 4, and 5. On October 1, 2020,

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SERIAL PROBLEM - Aster Systems This comprehensive problem starts in this chapter 2 and continues in Chapters 3, 4, and 5. On October 1, 2020, 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 December 31, 2020. The initial chart of accounts for the accounting system includes these items: Part B Required 6. Prepare journal entries to record each of the following November transactions. 7. Post the November entries. 8. Prepare a trial balance at November 30, 2020. 9. Prepare an income statement and a statement of changes in equity for the two months ended November 30, 2020, as well as a balance sheet at Novembe 30, 2020. Nov. 1 Reimbursed Aster Turane's business automobile expense for 2,630 kilometres at $1.60 per kilometre. 2 Received $7,920 cash from Langara Lodge for computer services rendered. 5 Purchased $420 of computer supplies for cash from Triple-One Supplies. 8 Billed Dinwoody Entertainment $4,230 for computer services rendered. 13 Notified by Kinsetta Groceries that Aster's bid of $5,950 for an upcoming project was accepted. 18 Received $4,200 from Whistler Resort against the bill dated October 28. 22 Donated $500 to the Hope Mission in the company's name. 24 Completed work for Kinsetta Groceries and sent a bill for the agreed amount. 25 Sent another bill to Whistler Resort for the past due amount of $2,200. 28 Reimbursed Aster Turane's business automobile expense for 1,080 kilometres at $1.60 per kilometre. 30 Paid Donald Gee for 17 days' work. 30 Aster Turane withdrew $1,400 cash from the business for personal use

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