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

Account	Balance
Cash	$	28,000
Accounts receivable		25,000
Accounts payable		11,300
Common stock		26,900
Retained earnings		14,800

The following events apply to Oak Consulting for Year 2:

1. Provided $69,000 of services on account.
2. Incurred $2,900 of operating expenses on account.
3. Collected $50,200 of accounts receivable.
4. Paid $37,300 cash for salaries expense.
5. Paid $12,780 cash as a partial payment on accounts payable.
6. Paid a $9,100 cash dividend to the stockholders
8. Provided $69,000 of services on account

9. Event	General Journal	Debit	Credit
   1

10. Incurred $2,900 of operating expenses on account.

    Event	General Journal	Debit	Credit
    2

11. Collected $50,200 of accounts receivable

12. Paid $37,300 cash for salaries expense

13. Paid $12,780 cash as a partial payment on accounts payable

14. Paid an $9,100 cash dividend to the stockholders