At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts. Account Balance Cash $34,300 Accounts receivable 15,400 Accounts payable 13,000 Common stock 24,200 Retained earnings 12,500 The following events apply to Oak Consulting for Year 2: Provided $68,400 of services on account. Incurred $3,000 of operating expenses on account. Collected $47,400 of accounts receivable. Paid $36,600 cash for salaries expense. Paid $14,400 cash as a partial payment on accounts payable. Paid a $9,800 cash dividend to the stockholders.

[The following information applles to the questions displayed below.] At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts. The following events apply to Oak Consulting for Year 2: 1. Provided $68,400 of services on account. 2. Incurred $3,000 of operating expenses on account. 3. Collected $47,400 of accounts recelvable. 4. Pald $36,600 cash for salarles expense. 5. Pald $14,400 cash as a partlal payment on accounts payable. 6. Paid a $9,800 cash dividend to the stockholders. \& d. Post the beginning balances and the transactions from Part a to the approprlate accounts. Later, post the closing entrles from ort d