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eBookHintPrintReferencesCheck my workCheck My Work button is now enabledItem 6 Required information Skip to question [ The following information applies to the questions displayed below.

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[The following information applies to the questions displayed below.]
At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts:
Account Balance
Cash $ 27,600
Accounts receivable 18,300
Accounts payable 13,900
Common stock 20,300
Retained earnings 11,700
The following events apply to Oak Consulting for Year 2:
Provided $69,700 of services on account.
Incurred $2,500 of operating expenses on account.
Collected $50,200 of accounts receivable.
Paid $38,900 cash for salaries expense.
Paid $14,760 cash as a partial payment on accounts payable.
Paid a $8,300 cash dividend to the stockholders.
f. Prepare a post-closing trial balance.

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