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At the beginning of Year 1, Oak Consulting had the following normal balances in its accounts: Cash Accounts receivable Accounts payable Common stock Retained earnings
At the beginning of Year 1, Oak Consulting had the following normal balances in its accounts: Cash Accounts receivable Accounts payable Common stock Retained earnings $26,600 19,100 14,400 17,200 14,100 5 The following events apply to Oak Consulting for Year 1: 1. Provided $69,900 of services on account. 2. Incurred $2,900 of operating expenses on account. 3. Collected $50,000 of accounts receivable. 4. Paid $35,300 cash for salaries expense 5. Paid $15,570 cash as a partial payment on accounts payable. 6. Paid a $8,200 cash dividend to the stockholders. Required Record these events in a general journal. (If no entry is required for a transaction/event, select "No journal first account field.) entry r
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