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Exercise 13-22A Recording events in the general journal, posting to T-accounts, and entries LO 13-1, 13-2, 13-3, 13-4 [The following information applies to the questions
Exercise 13-22A Recording events in the general journal, posting to T-accounts, and entries LO 13-1, 13-2, 13-3, 13-4 [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 Cash Accounts receivable Accounts payable Common stock Retained earnings Balance $ 28,700 19,700 14,100 21,600 12,700 The following events apply to Oak Consulting for Year 2: 1. Provided $65.600 of services on account. 2. Incurred $3,300 of operating expenses on account 3. Collected $46,400 of accounts receivable, 4. Paid $30,500 cash for salaries expense. 5. Paid $15,660 cash as a partial payment on accounts payable 6. Paid a $9.700 cash dividend to the stockholders. Answer is not complete. Beg Bal 3 Cash 28,700 46,400 Beg. Bal 1. Accounts Receivable 19,700 65,600 46,400 4. 3 30,500 15,660 9,700 OO 5 6. O End Bal 19,240 End. Bal 38,900 Accounts Payable 14,100 15,660 3.300 Common Stock 21,600 Beg Bal 5. Beg Bal 2 > End. Bal 1.740 End. Bal 21.600 Required information Dividends Retained Earnings 12,700 Beg Bal Beg Bal 6. 9,700 End Bal 12,700 Bal 9,700 Service Revenue Operating Expenses Beg Bal Beg Bal 2 65,600 1 > 3,300 End. Bal 65,600 End. Bal 3.300 Salaries Expense Beg Bal 30 500 3 Preu Newt Exercise 13-22A Recording events in the general journal, posting to T-accounts, and preparing closing entries LO 13-1, 13-2, 13-3, 13-4 [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 Cash Accounts receivable Accounts payable Common stock Retained earnings Balance $ 28,700 19,700 14,100 21,600 12,700 X Removi The following events apply to Oak Consulting for Year 2: Rem 1. Provided $65.600 of services on account 2. Incurred $3,300 of operating expenses on account. 3. Collected $46,400 of accounts receivable. 4. Paid $30,500 cash for salaries expense 5. Paid $15.660 cash as a partial payment on accounts payable. 6. Paid a $9.700 cash dividend to the stockholders Scan Repor Tap to revea Google Chrome Remove S 9 Next
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