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Part 4 of 6 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 Account Balance Cash $ 29,300 Accounts receivable 17,300 Accounts payable 12,900 Common stock 20, 500 Retained earnings 13,200 oints The following events apply to Oak Consulting for Year 2: 1. Provided $73,800 of services on account 2. Incurred $2.500 of operating expenses on account, 3. Collected $47,300 of accounts receivable, 4. Pald $33,500 cash for salaries expense 5. Paid $13.860 cash as a partial payment on accounts payable. 6. Pald a $9,100 cash dividend to the stockholders. d-1. Record the closing entries in the general journal and post them to the T-accounts in Part b) (if no entry is required for a transaction/event, select "No Journal entry required" in the first account field.) Answer is not complete. Credit General Journal Ful 16 d-1. Record the closing entries in the general journal and post them to the accounts in Part b) if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Answer is not complete. No Event General Journal Credit Dobit 9.00 A 1 Retained earings Dividends 9.100 2 3 Service revenue No journal entry required 3 3 No journal entry required d-2. What is the amount of net income for the year! Answer is complete and correct. $ 3Y 800

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