SERIAL PROBLEM - Aster Systems This comprehensive problems in chapter and comes in Chands On October 1, 2017. Aster Turane organized a computer sendice company called me Systems Aster is para as a sole proprietorship and will provide consulting.com system instalacions, and custom program development AS secundary for reporting, and expects to prepare the company's first set of financial statements as December 31, 2017. The chart of accounts for the accounting in the Account Number 101 106 126 128 131 163 167 201 Account Name Cash accounts Receivable Computer Supplies Prepaid Rent Orice Equipment Computer Accounts Payable ACCON 301 302 403 623 Wages Expense 655 676 684 sense. Com 699 Datens 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, 2017 5. Prepare an income statement and a statement of changes in equility for the month ended October 31, 2014, as well as a balance sheet at October 31, 2017 Oct 1. Asser Turane invested $32,000 cash, a 55,00 computeren. $12.000 opent in the business 2 Paid six months of resinde 0.30 3 Purchased computer supplies on credit for $1,975 tom The One Steps 5 Paid S.GO cash for one year's premium on a property and my policy 6 med Norton Electric 83.300 for installing a new computer system Paid for the computer supplies purchased tromileOne Stoples 10 Hned Donald Gee as a partner for 55 per 12 Bed Norton Electric another 51.850 for computer services rendered 15 Received 51.650 from Norton Electric on scut 17 paid $375 to repair equipment danged when moving 20 Paid $1.950 for an awesoment in the local newspaper 22 Received the balance owing from Norton Cecconis count 28 Bed White Fesort 58,400 for services 31 Pad Donald Gereformed work Part B Required Prepare journal entries to record each of the following November transactions 7. Post the November entries & Prepare a balance at November 30, 2017 2. Prepare an income statement and a set of changes to the contended November 30, 2017, as well as a balance sheet Novembe 3.2007 Now 1 Reimbursed Aster Turne's business automobile expense 230 Klometres at $1.60 per dometre 2 Received 7.920 cash from Langar Lodge for computer senere Purchased $420 of computer supplies for cash from Tile-Ore Sole med Dinwoody E230 for computer Sonderd 13 Mosted by Kinsetta Groceries that Aster's bid of 85.850 van upcoming project was accepted 18 Reed 54.200 from White Resort against the 232 22 Donated 500 to the Hope Mission in the company name 24 Completed work for Kineta Groceries and serta bit for the agreed amount 25 Sert another belt White Resort for the past de amount of 2.200 28 reimbursed Aster Turne's business automobile expense 1.080 Kometre 5160 per me 30 Paid Donald Gee for 17 days work 30 Aset Tunane whew 51,400 on the business for en
