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What is the balance of total fixed assets at the month end? 0 34630 O 33630 O 31630 O 32630 EUMULATIVE PROBLEM - Aster Systems

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What is the balance of total fixed assets at the month end? 0 34630 O 33630 O 31630 O 32630 EUMULATIVE PROBLEM - Aster Systems On October 1, 2011 Aster Turanc organized a computer Service company called Aster stems. Acter is organised as a cole proprietorship and will provide consulting services, computer Jstem installations, and custom program development. Aster Systems has adopted the calendar year or reporting, and expects to prepare the company's first set of financial statements as of ict. 31, 2017. The initial chart of accounts for the accounting system includes these items: ACCORD Account Name 101 Cach 106 Accounts Receivable 126 Computer Supplies 128 Prepaid Insurance 131 Prepaid Rent 163 Office Equipment 167 Computer Equipment 170 Accumulated Depreciation 201 Accounts Payable 301 Aster Turan, Capital Accoun Account Mand 302 Aster Turone, Withdrawals 403 Computer Services Revenue 623 Wages Expense 625 Rent Expend 626 Incurance Expense 655 Advertising Expense 676 Mileage Expense 684 Repairs Expense. Computer 688 Deprecistion Expense 698 Charitable Donations Expense Require: Please anweer all MCQ based on the following business transactions. Please do all adjustment entries before you anwer your MCQ question The expected useful life of computer system and office equipment are 5 years. There is no siduales for quipments Please use the straight-line whethod for the depreciation Oct. 1 Aster Turane invested $45.000 cach. $13,200 computer system, and $15,000 of office equipment in the busineos. 2 Paid six month of rent in advance: $12,000 3 Purchased computer supplies on credit for $1.375 from Triple-One Supplies 5 Paid $8,640 cash for one year's premium on a property and liability insurance policy 6 Billed Norton Electric $6,300 for installing a new computer system. 8 Paid for the computer supplies purchased from Triple-One Supplies 10 Hired Donald Geso part-time assistant for $345 per day, as needed. 12 Billed Norton Electric on other $1,850 for computer services rendered 15 Received $1650 from Norton Electric on ito account. 17 Paid $375 to repair equipment damaged when moving into the new office 20 Paid $1.950 for advertisement in the local newspaper. 22 Received the balance owing from Norton Electric on its account. 28 Billed Whistler Resort $9.400 for corvices. 31 Paid Donald Gee for nine days' work. 31 Aster Turane withdrew $1,200 coch from the business for personal use

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