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At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts:

Account	Balance
Cash	$ 27,300
Accounts receivable	16,300
Accounts payable	13,700
Common stock	16,000
Retained earnings	13,900

The following events apply to Oak Consulting for Year 2:

Provided $67,600 of services on account.

Incurred $2,700 of operating expenses on account.

Collected $47,800 of accounts receivable.

Paid $36,700 cash for salaries expense.

Paid $14,760 cash as a partial payment on accounts payable.

Paid a $8,000 cash dividend to the stockholders.

b & d. Post the beginning balances and the transactions from Parts a and d to the appropriate accounts.

Cash Accounts Receivable Debit Credit Debit Credit Beginning Balance 27,300 Beginning Balance 3. 47,800 1. Ending Balance 75,100 Ending Balance Accounts Payable Common Stock Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Retained Earnings Dividends Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Service Revenue Operating Expenses Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Salaries Expense Debit Credit Beginning Balance Ending Balance