5 On October 1, 2020, Aster Turane organized a computer service company called Aster 6 Systems. Aster is organized as a sole proprietorship and will provide consulting services, computer 7 system installations, and custom program development. Aster Systems has adopted the calendar year 8 for reporting, and expects to prepare the company's first set of financial statements as of 9 December 31, 2020. The initial chart of accounts for the accounting system includes these items: 10 11 Number Account Name Number Account Name 12 101 13 106 Cash 301 Aster Turane, Capital Accounts Receivable 302 Aster Turane, Withdrawals 14 126 Computer Supplies 403 Computer Services Revenue 15 128 Prepaid Insurance 623 Wages Expense 16 131 Prepaid Rent 655 Advertising Expense 17 163 Office Equipment 676 Mileage Expense 18 167 Computer Equipment 684 Repairs Expense, Computer 19 201 Accounts Payable 699 Charitable Donations Expense 20 21 22 Part B 30 31 32 33 23 Required 24 6. Prepare journal entries to record each of the following November transactions. 25 7. Post the November entries. 26 8. Prepare a trial balance at November 30, 2020. 27 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. 28 29 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. 34 35 36 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. 37 38 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. 39 40 41 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 42 43 44 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