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

Account	Balance
Cash	$	42,000
Accounts receivable		25,000
Accounts payable		8,400
Common stock		24,000
Retained earnings		34,600

The following events apply to Oak Consulting for Year 2:

1. Provided $185,000 of services on account.
2. Incurred $45,800 of operating expenses on account.
3. Collected $140,000 of accounts receivable.
4. Paid $120,000 cash for salaries expense.
5. Paid $31,400 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					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					End. Bal
Service Revenue					Operating Expenses
Beg. Bal					Beg. Bal
End. Bal					End. Bal
Salaries Expense
Beg. Bal
End. Bal