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

Account	Balance
Cash	$	32,500
Accounts receivable		20,900
Accounts payable		10,100
Common stock		29,700
Retained earnings		13,600

The following events apply to Oak Consulting for Year 2:

1. Provided $70,800 of services on account.
2. Incurred $3,100 of operating expenses on account.
3. Collected $50,100 of accounts receivable.
4. Paid $37,000 cash for salaries expense.
5. Paid $11,880 cash as a partial payment on accounts payable.
6. Paid a $8,300 cash dividend to the stockholders.

rev: 11_21_

Cash Accounts Receivable Beg. Bal 3. 32,500 37,000 37,000 11,880 3. 8,300 Beg. Bal 1. 37,000 1. 20,900 70,800 End. Bal 12,320 End. Bal 54,700 Common Stock Accounts Payable 10,100 11,880 3,100 5. Beg. Bal 5. Beg. Bal 29,700 End. Bal 1,320 End. Bal 29,700 Retained Earnings Dividends Beg. Bal Beg. Bal 6. 2. 8,300 13,600 70,800 3. 8,300 8,300 End. Bal 76,100 Bal Service Revenue Operating Expenses Beg. Bal 1. Beg. Bal 1. 70,800 70,800 3,100 3,100 End. Bal End. Bal Salaries Expense Beg. Bal 4. 37,000 End. Bal 37,000