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At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts. Account Cash Balance $30,900 22,900 14,100 29,100 10,600 Accounts receivable Accounts payable Common stock Retained earnings The following events apply to Oak Consulting for Year 2: 1. Provided $65,500 of services on account. 2. Incurred $3,500 of operating expenses on account. 3. Collected $45,700 of accounts receivable. 4. Paid $40,000 cash for salaries expense. 5. Paid $15,840 cash as a partial payment on accounts payable. 6. Paid a $9,400 cash dividend to the stockholders. Exercise 3-22A (Algo) T accounts b. & d. Post the beginning balances and the transactions from Part a to the appropriate accounts. Later, post the closing entries from Part d.

At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts: The following events apply to Oak Consulting for Year 2 1. Provided $65,500 of services on account. 2 Incurred $3,500 of operating experises on account. 3. Collected $45,700 of accounts receivable. 4. Paid $40,000 cash for salaries expense 5. Paid $15,840 cash as a partial payment on accounts payable. 6. Paid a $9,400 cash dividend to the stockholders. Exercise 3-22A (Algo) T accounts \& d. Post the beginning balances and the transactions from Part a to the appropriate accounts, Later. post the closing entries from art d. At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts: The following events apply to Oak Consulting for Year 2 1. Provided $65,500 of services on account. 2 Incurred $3,500 of operating experises on account. 3. Collected $45,700 of accounts receivable. 4. Paid $40,000 cash for salaries expense 5. Paid $15,840 cash as a partial payment on accounts payable. 6. Paid a $9,400 cash dividend to the stockholders. Exercise 3-22A (Algo) T accounts \& d. Post the beginning balances and the transactions from Part a to the appropriate accounts, Later. post the closing entries from art d

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