SERIAL PROBLEM - Aster Systems This comprehensive problem starts in this chapter 2 and continues in Chapter 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 Actor Systems has adopted the calendar yar for reporting, and expects to prepare the company's first set of financial statements of December 31, 2020. The initial chart of accounts for the accounting systemindudes these teme Account Acco Number Account Name Number Account Name 101 Cash 301 Aster Turn Capital 106 Accounts Receivable 302 Aster Turne, Widow 126 Computer Supplies 403 Computer Services Revenue Prepaid insurance 623 Wages Expense 131 Prepaid Rent 655 Advertising Expense 163 Office Equipment 676 Mileage Expense 167 Computer Equipment Repairs Expense. Computer 201 Accounts Payable 699 Charitable Donations Expense Part A Required 1. Set up balance column accounts based on the chart of accounts provided 2. Prepare journal entries to record each of the following October transactions 3. Post the October entries 4. Prepare a trial balance at October 31, 2020 5. Prepare an income statement and a statement of changes in equity for the month ended October 31, 2020, as well as a balance sheet at October 31, 2020 Oct 1 Aster Turane invested 532,000 cash, a 15.046 computer system and $12.000 of office ciment in the business. 2 Paid x months of rent in advance 59,300 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 $3,300 for installing a new computer system 8 Paid for the computer supplies purchased from TripleOne Supplies 10 Hred Donald Gee as a part time assistant for $345 per day, as needed 12 Bed Norton Electrice $1.50 for computer services rendered 15 Received 51,650 from Norton Electric on its account 17 Paid $375 to reparecuper damaged when moving to the 20 Paid $1.950 for an advertisement in the local newspaper 22 Received the balance owing from Norton Electric on its account 28 Bed Whistler Resort 6.400 for services 31 Pad Donald Gee for nine days work 31 Aster Turane withdrew 1.200 cash from the business for personal use 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 Prepare an income statement and a statement of changes in equy for the two months ended November 30, 2020, as well as a balance est at Novembe 30. 2020 Nov. 1 Reimbursed Aster Tuane's business automobile expense for 2.630 kilometres $1.60 per kommer 2 Received $7.920 cash from Langara Lodge for computer services rendered S Purchased 5420 of computer supplies for cash from Triple-One Supplies 8 Billed Dinwoody Entertainment 54.230 for computer services rendered. 13 Notfied by Kinsetta Groceries that Aster's bid of $5.950 for an upcoming project was compled