Question: The Adjusted Trial Balance for Aster Turane Computers is below: Adjusted Trial Balance Account Debit Credit Accounts Payable 8,500 Accounts Receivable - Gillette Industries

The Adjusted Trial Balance for Aster Turane Computers is below: Adjusted Trial

The Adjusted Trial Balance for Aster Turane Computers is below: Adjusted Trial Balance Account Debit Credit Accounts Payable 8,500 Accounts Receivable - Gillette Industries 1,800 Accounts Receivable - Lendrum Sales Accounts Receivable - Norton Electric 7,800 3,080 Accounts Receivable - Sharp Co. 4,320 Accounts Receivable - Starburst Inc. Accounts Receivable - Whistler Resort Accumulated Depreciation, Office Equipment Advertising Expense 7,000 2,640 Accumulated Depreciation, Computer Equipment 504 600 780 Aster Turane, Capital Aster Turane, Withdrawals Cash Charitable Donations Expense Computer Equipment 59,619 1,800 6,200 0 5,040 Computer Supplies 160 Computer Supplies Expense - *To make sales* 1,520 Cost of Goods Sold 17,705 Depreciation Expense, Computer Equipment *sales* 504 Depreciation Expense, Office Equipment 600 Insurance Expense 2,160 Merchandise Inventory 11,275 Mileage Expense *to make direct sales to customer* 2,336 Office Equipment 12,000 Prepaid Insurance 4,320 Prepaid Rent 4,650 Rent Expense *office* 4,650 Repairs Expense, Office Computer 120 Sales 33,251 Sales Discounts 54 Sales Returns and Allowances 600 Unearned Computer Services Revenue 0 Wages Expense *salesmen wages* 7,245 Wages Payable 7,885 Totals 110,359 110,359 Financial Accounting I by Evan van Dyk is license under a CC BY 4.0 license. Part 3 - 10 Marks Create a Multi-step Income Statement (7 marks) and a Single-Step Income Statement (3 marks) for year ended April 30, 2019 Part 4 10 Marks Prepare the Journal Entries to close out the temporary accounts (10 marks). Part 5-10 Marks Prepare a Classified Balance Sheet for April 30, 2019. (10 marks)

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