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: Provided $185,000 of services on account. Incurred $45,800 of operating expenses on account. Collected $140,000 of accounts receivable. Paid $120,000 cash for salaries expense. Paid $31,400 cash as a partial payment on accounts payable. Paid a $10,000 cash dividend to the stockholders.

Required information Journal entry worksheet D E F Provided $185,000 of services on account. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal 1 2 3. 6 of 6Next>