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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

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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 $ 26,300 24,200 12,700 24,000 13,800 The following events apply to Oak Consulting for Year 2 1. Provided $71,600 of services on account 2. Incurred $2.900 of operating expenses on account. 3. Collected $45,500 of accounts receivable. 4. Paid $34.500 cash for salaries expense. 5. Paid $14,040 cash as a partial payment on accounts payable. 6. Paid a 58.500 cash dividend to the stockholders. Exercise 13-22A Part b b & d. Post the beginning balances and the transactions from Parts a&d to the appropriate accounts. Cash Accounts Receivable Beg Bal Beg. Bal End Bal End. Bal Accounts Payable Common Stock Beg Bal Beg Bal End. Bal Required information Retained Earnings Dividends Beg. Bal Beg Bal End. Bal Service Revenue Operating Expenses Beg Bal Beg Bal End Bal Salaries Expense Beg Bal Fnd Bal

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