Talse, indicate how to correct the statement. E2-9 Selected transactions from the journal of Kati Tillman, investment broker, are presented below. Post journal entries and prepare a trial balance. (LO 6,7) Jounalise Date Account Titles and Explanation Ref. Debit Credit Aug. 1 Csh Common Stock 6,000 (Investment of cash for stock) 6,000 10 Cash Service Revenue (Received cash for services performed) 2,700 2,700 12 Equipment Cash Notes Payable (Purchased office equipment for cash and notes payable) 5,000 800 4,200 Account Receivable 1,600 25 1,600 Service Revenue (Billed clients for services performed) 880 Cash 31 880 Accounts Receivable (Receipt of cash on account) Instructions (a) Post the transactions to T-accounts. 015. (b) Prepare a trial balanc E2-11 Presented below is the ledger for Higgs Co. Journalize transactions from account data and prepare a rial balance. No. 311 Common Stock No. 101 Cash 10/1 5,000 2,000 LO 4, 7) 400 1,500 280 300 500 5,000 730 3,000 500 10/4 10/1 10/25 10/10 10/10 10/20 10/25 10/12 10/15 No. 332 Dividends 10/30 10/31 300 10/30 2,000 No. 400 Service Revenue Accounts Receivable No. 112 10/6 10/10 10/20 800 730 910 500 10/6 800 910 10/20 10/20 Supplies No. 126 Salaries and 10/4 400 Wages Expense No. 726 Equipment No. 157 10/31 500 10/3 2,000 Rent Expense No. 729 Notes Payable No. 200 10/15 280 10/10 3,000 Accounts Payable No. 201 1,500 10/3 10/12 2,000 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