Presented below is the ledger for Higgs Co.
Cash
No. 101
10/1 4,300 10/4 320 10/10 660 10/12 1,080 10/10 3,900 10/15 300 10/20 580 10/30 260 10/25 1,900 10/31 480
Accounts Receivable
No. 112
10/6 650 10/20 580 10/20 600
Supplies
No. 126
10/4 320
Equipment
No. 157
10/3 2,000
Balance Notes Payable
No. 200
10/10 3,900
Accounts Payable
No. 201
10/12 1,080 10/3 2,000
Common Stock
No. 311
10/1 4,300 10/25 1,900
Dividends
No. 332
10/30 260
Service Revenue
No. 400
10/6 650 10/10 660 10/20 600
Salaries and Wages Expense
No. 726
10/31 480
Rent Expense
No. 729
10/15 300
Required:
1. Reproduce the journal entries for the transactions that occurred on October 1, 10, and 20 and provide explanations for each.2. Determine the October 31 balance for each of the accounts above, and prepare a trial balance at October 31, 2015.

Suppose that a worker in agland can produce either 10 units of organic grain or 2 units of incense per year, and a worker in zenland can produce either 5 units of organic grain or 15 units of incense per year. there are 20 workers in agland and 10 workers in zenland. currently the two countries do not trade. agland produces and consumes 100 units of grain and 20 units of incense per year. zenland produces and consumes 50 units of grain and no incense per year. if each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by a. 30 units of grain and 100 units of incense. b. 30 units of grain and 150 units of incense. c. 50 units of grain and 90 units of incense. d. 50 units of grain and 130 units of ince

Harwood company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. the company's predetermined overhead rate of $2.50 per machine-hour was based on a cost formula that estimates $240,000 of total manufacturing overhead for an estimated activity level of 96,000 machine-hours. required: 1. assume that during the year the company works only 91,000 machine-hours and incurs the following costs in the manufacturing overhead and work in process accounts: compute the amount of overhead cost that would be applied to work in process for the year and make the entry in your t-accounts. 2a. compute the amount of underapplied or overapplied overhead for the year and show the balance in your manufacturing overhead t-account. 2b. prepare a journal entry to close the company's underapplied or overapplied overhead to cost of goods sold.

The textbook defines ethics as “the principles of conduct governing an individual or a group,” and specifically as the standards one uses to decide what their conduct should be. to what extent do you believe that what happened at bp (british petrolium) is as much a breakdown in the company’s ethical systems as it is in its safety systems, and how would you defend your conclusion?