Exercise 3-22A (Algo) Recording events in the general journal, posting to T-accounts, and preparing closing entries LO 3-1, 3-2, 3-3, 3-4 [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 $27,800 23,800 10,500 28,200 12,900 The following events apply to Oak Consulting for Year 2: 1. Provided $68,600 of services on account. 2. Incurred $3,200 of operating expenses on account. 3. Collected $47,500 of accounts receivable. 4. Paid $32,800 cash for salaries expense. 5. Paid $12,330 cash as a partial payment on accounts payable. 6. Paid a $8,200 cash dividend to the stockholders. Required information Record the closing entries in the general journal (and post them to the T-accounts). (If no entry is required for a transaction/e select "No journal entry required" In the first account field.) View transaction list Journal entry worksheet