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

Account	Balance
Cash	$	29,200
Accounts receivable		16,400
Accounts payable		12,200
Common stock		20,200
Retained earnings		13,200

The following events apply to Oak Consulting for Year 1:

1. Provided $74,500 of services on account.
2. Incurred $3,000 of operating expenses on account.
3. Collected $50,000 of accounts receivable.
4. Paid $36,000 cash for salaries expense.
5. Paid $13,680 cash as a partial payment on accounts payable.
6. Paid a $8,600 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					Beg. Bal
End. Bal					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