At the beginning of Year 1, Oak Consulting had the following normal balances in its accounts:

Account	Balance
Cash	$	32,200
Accounts receivable		16,600
Accounts payable		10,500
Common stock		27,400
Retained earnings		10,900

The following events apply to Oak Consulting for Year 1:

1. Provided $67,000 of services on account.
2. Incurred $2,900 of operating expenses on account.
3. Collected $48,400 of accounts receivable.
4. Paid $37,500 cash for salaries expense.
5. Paid $12,060 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&d to the appropriate accounts.

Cash					Accounts Receivable
Beg. Bal	32,000				Beg. Bal
End. Bal	32,000				End. Bal
Accounts Payable					Common Stock
Beg. Bal					Beg. Bal
End. Bal					End. Bal
Retained Earnings					Dividends
Beg. Bal					Beg. Bal
End. Bal					Bal
Service Revenue					Operating Expenses
Beg. Bal					Beg. Bal
End. Bal					End. Bal
Salaries Expense
Beg. Bal
End. Bal