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Exercise 3-22A 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
Exercise 3-22A 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 Balance Accounts receivable 25,000 Accounts payable Connon stock Retained earnings 34,600 Cash $ 42,000 8.400 24.000 The following events apply to Oak Consulting for Year 2 1. Provided $185,000 of services on account 2. Incurred $45.800 of operating expenses on account 3. Collected $140,000 of accounts receivable 4. Pald $120,000 cash for salaries expense. 5. Pald $31.400 cash as a partial payment on accounts payable. 6. Paid a $10,000 cash dividend to the stockholders. ENCUE Exercise 3-22A Parta Required Record these ovents in a general Journal (If no entry is required for a transaction/event, select "No journal entry required in the first account field.)
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