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 companv called Aster Systems. TAster orenze as a sole proprietorship an WIl orov consulting services, computer system installations, and custom program development. Aster Systems has adopted the calendar veal for reportina. to prepare the company s first set of financial statements as December 31. 2020. The initial chart of accounts for the accounting system includes these llems. Accoun Accoull Account Name Account Name Numbe Numbe Cas baolel ter Turane Computer Supr Computer Serv Prepaid Part A Required Set up balance column accounts based on the chart of accounts provided 2. Prepare journal entries to record each of the following October transactions post the @cioner enries Prepare a trial balance at October 31, 2020. S. 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 $32.000 cash. a S5.040 computer system, ano $12.000 of office equioment in the business 2 Paid six months of rent in advance: $9.300. 3 Purchased computer supplies on credit for $1 975 from Triole-One isuooles 5 Paid 38.640 cash for one ears premium on a property and liability insurance 6 Billed Norton Electric $3.300 for installing a new computer system. 8 Paid for the computer supplies purchased from Triple-One Supplies 10 Hired Donald Gee as a part-time assistant for $345 per dav. as needed 12 Billed Norton Electric another $1.850 for computer services rendered IS Received $1.650 from Norton Electric on its account. 17 Paid $375 to repair equinment damaged when moving Ino me new olice Lu Paid $1.950 for an advertisement in the local newspaper. 22 Received the balance oWne from Norton Electric on its 28 Billed Whistler Resort $6 400 for services. 31 Paid Donald Gee for nine days work. 31 Aster Turane withdrew $1.200 cash from the business for personal use. Part B Prepare Journal entries to record each or the following November transact 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 monins ended Vovember 3U, 2UZU, as well as a balance sheet at Novembe 30, zUZU Nov. 1 Reimbursed Aster Turane's business automobile expense for 2.630 kIomeies at $1.60 per kilometre Received $7.920 cash from Langara Lodge for computer services rendered 5 Purchased $420 of computer supplies for casn from Triple-One Supolies. 8 Billed Dinwoodv Entertainment $4. 230 for computer services rendered 13 Notified by Kinsetta Groceries that Aster S bid or S5.95U for an upcoming project was accepted. 18 Received $4,200 from Whistler Resort against the bill dated October 28 Donated >5Ul 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 nast dUe amoun of S2 200 28 Reimbursed Aster Turane's husiness automobile eynense tor 1080 kilometres at $1.60 per kilometre. 30 Paid Donald Gee for 17 das work. Aster urane witndrew1 40u casn from Dusiness for rsona