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Accounting

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Required information [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 $185,000 of services on account. 2. Incurred $45,800 of operating expenses on account. 3. Collected $140,000 of accounts receivable. 4. Paid $120,000 cash for salaries expense. 5. Paid $31,400 cash as a partial payment on accounts payable. 6. Paid a $10,000 cash dividend to the stockholders. b \& d. Post the beginning balances and the transactions from Parts a and d to the appropriate accounts. Salaries Expense \begin{tabular}{|l|l|l|l|} \hline Beg. Bal & & & \\ \hline \end{tabular}

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