Accounts payable 13,400 Common stock 31,300 Retained earnings 12,000 The following events apply to Oak Consulting for Year 2: 1. Provided $67,900 of services on account. 2. Incurred $3,100 of operating expenses on account. 3. Collected $47,900 of accounts receivable. 4. Paid $40,000 cash for salaries expense. 5. Paid $14,850 cash as a partial payment on accounts payable. 6. Paid a $9,600 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. Cash Accounts Receivable Beg. Bal 34,900 Beg. Bal 3. 47,900 1. 21,800 67,900 40,000 47,900 14,850 9,600 End. Bal 18,350 End. Bal 41,800 Beg. Bal Accounts Payable 0 Common Stock 13,400 Beg. Bal 31,300 3,100 b. 14,850 End. Bal 1,650 End. Bal 31,300 Retained Earnings Dividends Beg. Bal 12,000 Beg. Bal 6. 9,600 End. Bal 12,000 End. Bal 9,600 Service Revenue Operating Expenses Beg. Bal Beg. Bal cl 67,900 2. 3,100 End. Bal 67,900 End. Bal 3,100 Salaries Expense Beg. Bal 40,000 End. Bal 40,000