Det Gret Date Account Titles and Explanation Oct. 1 List of Accounts (Issued shares of stock for cash) Oct. 10 (Received cash for services provided) Oct. 10 (Obtained loan from bank) Oct. 20 (Received cash in payment of account) Oct. 20 Accounts Payable Accounts Receivable Advertising Expense Buildings Cash Common Stock Dividends Equipment Gasoline Expense Insurance Expense Land Maintenance and Repairs Expense Miscellaneous Expense Mortgage Payable No Entry Notes Payable Prepaid Insurance Prepaid Rent Rent Expense Rent Revenue Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Service Revenue Supplies Supplies Expense Unearned Service Revenue Utilities Expense Presented below is the ledger for Higos Co Cash No. 101 10/1 5,700 1044 430 10/10 660 10/12 1,260 10/10 3,600 10/15 250 10/20 450 10/30 470 10/25 2,400 10/31 500 Accounts Receivable No. 112 10/6 900 10/20 450 10/20 500 Supplies No. 126 10/4 430 Equipement No. 152 10/3 3,200 Notes Payable No. 200 10/10 3.600 Accounts Payable No. 201 10/12 1,260 10/3 3,200 Common Stock No. 311 10/1 5,700 10/25 2.400 Dividends No. 332 10/30 470 Service Re No. 400 10/6 900 10/10 660 10/20 500 Salaries and Wages Expense No. 726 10/31 500 Rent Expense No. 729 10/15 250 Reproduce the journal entries for the transactions that occurred on October 1, 10, and 20 and provide explanations for each. (Billed clients for services provided) Determine the October 31 balance for each of the accounts above, and prepare a trial balance at October 31, 2015 HIGGS CO. Trial Balance October 31, 2015 Debit Credit