Presented below is the ledger for Higgs Co.

Instructions
(a) Reproduce the journal entries for the transactions that occurred on October 1, 10, and
20, and provide explanations for each.
(b) Determine the October 31 balance for each of the accounts above, and prepare a trial balance at October 31,2015.

Cash No. 101 Common Stock 10/1 10/10 10/10 10/20 10/25 5,000 10/4 730 10/12 3,000 10/15 500 10/30 2,000 10/31 No. 311 5,000 2,000 No. 332 10/1 10/25 1,500 280 300 500 10/30 Dividends 300 Service Revenue No. 400 800 730 910 Accounts Receivable No. 112 500 10/6 10/20 800 10/20 910 10/6 10/10 10/20 Supplies 400 No. 126 Salaries and Wages Expense 10/4 No. 726 Equipment No. 157 10/31 500 10/3 2,000 Rent ExpenseNo. 729 Notes Payable No. 200 10/15 280 3,000 10/10 Accounts Payable No. 201 10/12 1,500 10/3 2,000