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d-1. Record the closing entries in the general journal (and post them to the T-accounts in Part b). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Service Revenue Accounts Receivable Common Stock Debit Beginning Balance Ending Balance Credit \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Common Stock } \\ \hline Beginning Balance & \\ \hline Ending Balance & & \\ \hline \end{tabular} c. Show the beginning balances and the transactions in a horizontal statements model. Note: Enter any decreases to account balances and cash outflows with a minus sign. In the Statement of Cash Flows column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, and NC for net change in cash. Not all cells require input. 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 $72,200 of services on account. 2. Incurred $3,200 of operating expenses on account. 3. Collected $47,600 of accounts receivable. 4. Paid $39,800 cash for salaries expense. 5. Paid $15,030 cash as a partial payment on accounts payable. 6. Paid a $9,700 cash dividend to the stockholders. e. What is the amount of change in retained earnings for the year? [The following information applies to the questions displayed below.] 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 $72,200 of services on account. 2. Incurred $3,200 of operating expenses on account. 3. Collected $47,600 of accounts receivable. 4. Paid $39,800 cash for salaries expense. 5. Paid $15,030 cash as a partial payment on accounts payable. 6. Paid a $9,700 cash dividend to the stockholders. f. Prepare a post-closing trial balance

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